When you start up in business you will need insurance cover. Contact an insurer and explain to them exactly how your business will operate - they will then recommend what cover you should have. This might include:
- professional indemnity insurance
- premises, premises contents
- personal accident and travel
- loss of earnings
- business interruption
- employer's liability
- public liability
- motor insurance
Many insurance companies offer Office Policies which are tailored to the needs of office-based firms.
Members of professional accountancy bodies such as the ICAEW and ACCA may benefit from competitive rates on business insurance.
Premiums may be paid in a lump or they may be paid in instalments. Your insurer will be able to advise you of the amounts due - enter them in the months when you will pay them.