business insurance for a home trader

[glasgowrob]

couple of queries on this guys and girls


my wife is going to start a small business from home selling small gift items.


can anyone advise on what sort of insurance cover she would need i'm guessing PL would be required but not sure of anything else that i would need to consider?



and because this is piston heads yes she will be declaring to HMRC and will be submitting accounts before anyone brings it up about home traders

[insurance_jon]

you need a working from home package.

These cover:

Public/Products Liability
Employers Liability (if required)
Stock
contents

and can be extended to cover trade shows/fairs etc

give me a shout if you need a hand

[Simpo Two]

You'd only need PL (home) cover if clients came to visit. That said, if your business is only a desk, a few bits of stock and nobody visits (in order to fall down the stairs and sue you), do you really need it?

[insurance_jon]

Simpo Two said:

You'd only need PL (home) cover if clients came to visit. That said, if your business is only a desk, a few bits of stock and nobody visits (in order to fall down the stairs and sue you), do you really need it?

I'd still recommend it as it will include Products Liability for the goods made/sold

[glasgowrob]

All sorted now thanks ended up a bit more than we were expecting

£2 million pl goods liability and there was an extra loading because she does plan on having a stall at a number of markets and fairs throughout the year

£179 all in which is cheap for the peace of mind

[Simpo Two]

Whoever runs the market may well insist sellers have insurance, so it worked out. Just have to sell goods to an equivalent profit of £179 to break even now