Depends on who you know in the insurance industry.
My employers covered me for my electrical work. The joys of multi nationals, they own the insurance company.
My photographic business was a separate entity and was covered to £2M public liability & £250K professional indemnity.
£45K equipment insurance took a lot of work to get to a reasonable rate. You try getting a fire proof safe up two flights of stairs.
In the photographic trade professional indemnity is a hard one to get, far too many things to go wrong.
No, I won’t tell you what I’ve paid in the past. My premiums were based on my professional reputation and qualifications. I’ve spent more taking the wife out for a meal though.
The best thing you can do is talk to a broker, trade association insurance is a lever you use in negotiations. A proven track record is another one to add to the negotiations.
It’s your money, fight to hang on to it.
Too many people just accept “This is it. Take it or leave it.”
Argue and fight, prove yourself to be reliable and a low risk, it pays dividends.
A word of warning, if you negotiate a lower premium don’t leave it to the last minute to renew. The fight can take a while to reach a new conclusion.
