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, machines, fixtures and fittings
- goods in transit (for example prizes being collected from a cash and carry)
- business interruption
- employer's liability
- public liability
- motor insurance (for any business 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.