When you start up in business you will need insurance cover. Contact an insurer and explain to him or her exactly how your business will operate - they will then recommend what cover you should have. This might include:
- premises, premises contents and stock
- goods in trust (for customers' paintings and other items left with you for framing)
- goods in transit
- business interruption
- employer's liability
- public liability
- motor insurance (for delivery vehicles)
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.
The Fine Art Trade Guild offers its members savings on specialist business insurance policies.
As with many other items of business expenditure, you can often save money by shopping around. Although many insurers can offer a complete package of business insurances, often at a competitive price, remember that you don't have to take out all of your insurance policies with the same insurer.