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29-08-2008, 14:08
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Indemnity Insurance
I am starting an horticultural consultancy business, however i am currently in Oz, and am therefore unable to get a figure on how much indemnity insurance will cost me. I expect out annual turnover to be approx 100,000. any ideas on a rough expected cost???
cheers, op        
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29-08-2008, 15:37
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Whereabouts in Oz are you (Brisbane Boy myself)?
When you say 100K... talking Aussie Dollars or British Pounds (this is a UK site!)? Why haven't you been able to get an insurance quote?
__________________
The Accountants Circle Accountancy & Bookkeeping Forums | Accounting Templates | Company Formations from £21!
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30-08-2008, 01:42
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indemnity insurance
hey mate thanks for the reply,
Originally from Adelaide but now in Vic. Talking in pounds. Couldn't get a quote over the phone because we are too far out from the start date, their quotes only last 45 days. Have tried online but because we dont have uk contact details or a registered business the quote calculator says no! soooo yeah no quote. Its a bit frustrating because all we want is some idea (even a range) for our budget/business plan on how much it will set us back.
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30-08-2008, 08:18
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30-08-2008, 14:26
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The premium will not just be a function of turnover, but the number of clients, and the nature of your advice. If its really big impact stuff, the premium could be more.
Its normally not too bad though, and worth having for peace of mind.
__________________
Gibside Associates A Different Approach www.gibside.co.uk
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