Some advice please on insurances

[Spud28]

So, about to hopefully register with competent persons scheme. Don't have insurance yet, am I right in saying that having public liability only allows to carry out domestic, if carrying out commercial or agricultural (I live in rural area), then you also need professional indemnity? Reason im asking is that the prof indemnity is quite expensive especially as not planning on going full time into contracting.
Cheers in advance

 

[Christopher Bernard]

I only have public liability (£2m) for mine as I was told that public idemnity was "recommended" for work for non-domestic and needed for EICR work, although this is Napit.

 

[Octopus]

Stroma have cheap fees for membership and insurances that include PL and PI

 

[Gavin John Hyde]

the amount of public liability cover required for the DI scheme is £2M, i think AC is £5 million. its upto you what cover beyond the £2m you take out. Just be upfront to the insurer about the type and nature of your work so you dont get a surprise in the event of a claim

 

[Dannyg8810]

Haven’t we recently had a similar thread ?

 

[Spud28]

Thanks for replies, ill give stroma a shout. I'm going with them for my membership. I'm hoping to do a little more than domestics but the indemnity is working out almost as my provider fees.

 

[telectrix]

the PL is the most important issue, but make sure you're covered for 3 phase. a lot of policies exclude it.

 

[Spud28]

All sorted thanks to a good shout from Murdoch, cheers

 

[buzzlightyear]

the PL is the most important issue, but make sure you're covered for 3 phase. a lot of policies exclude it.

and alarm systems has well.

 

[polo1]

Professional indemnity should be in place if you intend to do any electrical design work or carry out EICRs.

 

[Spud28]

Thanks for the answers all, alot clearer. Yes hope to do some design and possibly eicrs casting a wide net and hoping not to have to chase domestic only. See how it goes... Cheers