[lewis_webb]

Hi, I have already got public liability insurance but really want to get some treatment risk insurance. Has anyone got any suggestions for just treatment risk?

Regards
Lewis

[Mark Lawrence]

You could try Allied (thats who we use) aswell as Alexander Swan. It may be cheaper though if you have your Liability Ins with your Treatments Risk, rather than using 2 seperate companies.

Mark

[Joe H]

If your elbow catches the Ming vase - treatment risk will not be any good for oyu - you will need public liability.

What I am saying is you need both PL and TR

[Mark Lawrence]

Think thats what he's saying Joe?

He already has PL and now wants to get TR aswell. Thats how I read it anyway.

Mark

[lewis_webb]

Yeah thats right I have got P.L, i will ring the insurance company I am with but have just renewed it so Im sure they will charge me an arm and a leg as an add on which is why I was asking if any companies just do the treatment risk.

Cheers

[Griffus]

You could try Allied (thats who we use) aswell as Alexander Swan. It may be cheaper though if you have your Liability Ins with your Treatments Risk, rather than using 2 seperate companies.

Mark

Same here.

[Joe H]

When I wanted to join the NCCA I had to get treatment risk to add to the PL I already had.
My broker told me my current insurer didnt do treatment risk at all.
Broker shopped around, I changed ins company to get both PL and Trand saved about £450 in the process (big saving cause I was paying a large premium because I employ people).

Might be worth asking your current company, they may just charge a adin fee for adding to an existing policy.

[derek west]

10 mill PL
10 mill EL
5 mill TR
includes working at height< (i occasionally hang out of windows when pulling pipes up to flats)
also includes hospital waiting rooms and corridors which most don't cover, check your policy boys and girls.

£450
bluddy ruddy bargain.

[robert meldrum]

That is cheap Derek...............our 10 mill cover costs almost £1000

[ben fairhurst]

Not trying to be clever but, Joe Hatten posted that he 'saved' £450 not that the policy cost £450.

[Colin Day]

I use "Towergate", PL (£1M) + TR and it's under £200 a year!

[derek west]

Not trying to be clever but, Joe Hatten posted that he 'saved' £450 not that the policy cost £450.

and i posted that mine cost 450 and not that i also saved 450, my total for the year is 450, just to clarify.

ps...excess £250

[happy mondays]

People will always have big differences on the price of insurance, some insurers base it on the number of employees, most on declared turnover. Each insurance policy is unique to that company.

A company that employs say 10 people and has a turnover of say £120,000 pa will pay more than the one man operator turning over £40,000 as they are seen to be of higher risk.

Over the years mine has ranged from £600 to over £2,000 for £5m public, £10m employee with treatment risk. 

[Mark Farrimond]

Please don't be annoyed if you feel this is blatant advertising but I just wanted to give you an idea of why premiums differ.

For sole traders, partnerships or sole director Ltd companies you only need Public Liability Insurance (and Products Liability if you supply or wholesale goods).  The premiums for such policies are usually standardised by an insurer, so they will have a fixed price for £1m, £2m etc.    Treatment Risks isnt a cover you can buy on its own.  Your Public Liability policy either covers treatment risks or doesnt and most don't.

Once you employ staff or use sub contractors (labour only) you legally need Employers Liability Insurance.  Some insurers then charge based on a rate per person which can be expensive and time consuming, having to remember to ring your broker when people start or leave.  Some, like the insurer we use provide rates based on turnover and wages.  The higher these figures, the higher the premium.  And the reason for this is the higher the turnover the higher the risk of a Public Liability claim occuring as there is more work being done.  The higher the wages, the higher the risk of an Employers Liability claim occuring as there are more employees. 

If anyone needs any advice or a quote give us a shout.