gupster Posted September 12, 2006 Author Share Posted September 12, 2006 Its just a shame its "another extra" starting your own business is getting a bit tricky now considering all the start up cost and bits like this. Oh well something else to get my money out for less beers for me on friday , Link to comment Share on other sites More sharing options...
copdog Posted October 20, 2007 Share Posted October 20, 2007 Its just a shame its "another extra" starting your own business is getting a bit tricky now considering all the start up cost and bits like this.Oh well something else to get my money out for less beers for me on friday , So what does a small company require to cover fire alarm installations and be able to sleep at night,also does it make a difference if you are a sole trader or ltd company ?. Link to comment Share on other sites More sharing options...
amateurandy Posted October 20, 2007 Share Posted October 20, 2007 does it make a difference if you are a sole trader or ltd company ?. It's worse if you're a sole trader as you are personally liable. So without proper insurance you can lose absolutely everything. A limited company is exactly that, limited liability. But the directors can still be taken to the cleaners in certain circumstances. As for what you need for specific trades you need some good advice from people experienced in that field; hopefully some on here will be able to contribute. Link to comment Share on other sites More sharing options...
Chorlton Posted October 20, 2007 Share Posted October 20, 2007 So what does a small company require to cover fire alarm installations and be able to sleep at night,also does it make a difference if you are a sole trader or ltd company ?. Exactly the same as listed by the experienced members and ex-members above. Efficacy for the failure of the actual supplied product(s) to perform it's intended task. e.g detector does not activate, fire breaks out and a loss in incurred which could have been avoided if it had worked. Professional indemninty for the failure of the designed system in being suitable for purpose. e.g L1 system has no detector in loft space, fire breaks out and a loss in incurred which could have been avoided if L1 design done right. I pay approx Link to comment Share on other sites More sharing options...
Guest Dave the alarm man Posted October 20, 2007 Share Posted October 20, 2007 A limited company is exactly that, limited liability. to the value of shares sold, normally. far too many Link to comment Share on other sites More sharing options...
JK1981 Posted June 18, 2008 Share Posted June 18, 2008 Constructaquote offers efficacy cover for Electricians as part of the Tradesman public liability insurance policy Link to comment Share on other sites More sharing options...
james.wilson Posted June 18, 2008 Share Posted June 18, 2008 And it doesnt exclude security etc. A lot of these policys designed fro example plumbers exclude certain things but cover the main line of buisiness, ie a plumber getting sued for a system failing to work and loss's resulting is hightly unlikly. Not saying it doesnt just be careful. securitywarehouse Security Supplies from Security Warehouse Trade Members please contact us for your TSI vetted trade discount. Link to comment Share on other sites More sharing options...
Guest RJBsec Posted June 18, 2008 Share Posted June 18, 2008 There are only a very few insurers in the UK offering efficacy cover - public liability, although needed, is not sufficient for this industry Link to comment Share on other sites More sharing options...
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