Think back to the dot.com boom of the early 2000’s. You may remember the news being filled with numerous new start up companies that were simple selling products over the internet. One I do remember, which received obscene amounts of money in funding, was a pet food supply company. All they were doing was setting up a website and selling pet food in bulk.
Back in those days though, this was a huge achievement. They thought the world was their oyster (or lobster as Del Boy said at the time!). But, they failed because not enough people had internet access and many people still went to a pet shop or Tesco, Sainsbury or Asda for their products.
Nowadays though, in 2010, you can set up a website, with a shopping cart, payment software, email addresses and everything else required for less than £100. So, more and more people are setting up in business and at the same time, looking for small business insurance, to cover their stock and liabilities.
Many commercial insurance companies still have a very old fashioned view of this insurance and will only provide quotes on a warehouse insurance policy. This is laughable, as it is a much more expensive way of doing things. The only difference between an internet retail insurance policy and a standard shop insurance one is that there is not the foot fall of customers.
We understand the needs and concerns of these types of businesses and do have a panel of insurers that are more than happy to quote these businesses on a package contract, which offer significant premium savings for you.
If you do need a quote, cal us today to see what we can do for you.