Insurance

There are two types of insurance, they are public liability insurance and professional indemnity insurance.

Public Liability Insurance:

It is not a legal requirement but we will be taking this out to cover injury or death to a member of the public or damage to their property, even if this is unlikely. We will be getting cover for about £1 million. This will cost us around £150 per year.

(http://www.simplybusiness.co.uk/insurance/public-liability/)

Professional Indemnity Insurance: 

Professional indemnity insurance covers us against professional business mistakes. These mistakes are made by providing professional advice where the third party incurs a financial loss of some nature. We will be getting cover for about £2 million, which will cost us about £200 a year. 

Contents Insurance: 

We will need contents insurance to cover costs of computer and printers etc in the office. This will cost us around £80 a year.