Goldilocks and the three bears, takes you back a bit I know. Of course, in 2010 you wouldn’t let your daughter wander through the woods doing a bit of illegal entry to Mr and Mrs Bear’s house and damaging their property. However, that aside what did she do. She tried the three types of porridge before she found the one that was, just right.

Believe it or not, you will find the same problems when looking for a small business insurance quote. You can look around for a quote and, with the internet available easily, you can find hundreds of companies that can get you a premium and terms in double quick time.

But, you are running a business, you have got a never ending list of things to do, the last thing you want is to sit there and read, word for word, through a dozen different quotes to decide which is best for you.

Now, Goldilocks did not have an intermediary to hand to go and taste the porridge for her. You do though, there are thousands of us throughout the UK and our job is to look around the insurance market for you to see what is best.

Who are we? Independent commercial insurance brokers, we have to be authorised and regulated by the Financial Services Authority, we are legally obliged to offer you, the purchaser, the widest cover at the best premium, from our range of insurers.

You don’t have to waste your time reading, researching and learning about insurance products. That is our job and, given the past history in the industry, you are always better speaking to a broker.

So, if you don’t have time (which you won’t) to get yourself a better deal, just speak to a broker and let them do the work for you. We cannot guarantee to get you the best price in every single case, but 90% of our new enquirers do find that we can offer then a better deal once they have seen the light.

Goldilocks and the three bears, takes you back a bit I know. Of course, in 2010 you wouldn’t let your daughter wander through the woods doing a bit of illegal entry to Mr and Mrs Bear’s house and damaging their property. However, that aside what did she do. She tried the three types of porridge before she found the one that was, just right.

Believe it or not, you will find the same problems when looking for a small business insurance quote. You can look around for a quote and, with the internet available easily, you can find hundreds of companies that can get you a premium and terms in double quick time.

But, you are running a business, you have got a never ending list of things to do, the last thing you want is to sit there and read, word for word, through a dozen different quotes to decide which is best for you.

Now, Goldilocks did not have an intermediary to hand to go and taste the porridge for her. You do though, there are thousands of us throughout the UK and our job is to look around the insurance market for you to see what is best.

Who are we? Independent commercial insurance brokers, we have to be authorised and regulated by the Financial Services Authority, we are legally obliged to offer you, the purchaser, the widest cover at the best premium, from our range of insurers.

You don’t have to waste your time reading, researching and learning about insurance products. That is our job and, given the past history in the industry, you are always better speaking to a broker.

So, if you don’t have time (which you won’t) to get yourself a better deal, just speak to a broker and let them do the work for you. We cannot guarantee to get you the best price in every single case, but 90% of our new enquirers do find that we can offer then a better deal once they have seen the light.

Every business, whether a large corporation trading across the world or a sole trader just starting out, will have a requirement for good quality commercial insurance.

There are two main types, the cover that the law of the land says you must have and the cover that you make a deliberate choice to buy, even though it is not legally required.

The majority of small business insurance policies will fall into the latter category. Many smaller ventures and sole traders do not employ anyone, so there is no requirement for employers liability insurance (legally required). There needs to be a balancing act for the business between choosing what is sensible cover at a competitive price compared to being 100% risk averse and insuring every possible eventuality.

The first step in this balancing act is, thankfully, free. You need to speak to a business insurance broker to discuss what you need, what you want and how much you can realistically afford. The broker will then, for no charge whatsoever, duly go away and source a whole range of quotes and premiums for you. They will then present this to you, in the form of written quotes and you can then decide which of these policies, or covers, you will take. You may decide in the first year of trading to take out skeleton or basic cover, you can then add to this in future years as your business grows due to your continued efforts and hard work.

In the unlikely event that a broker try’s to charge you an up front fee for doing the quote work, walk away very, very fast. For every one broker that does this there are 100’s of others who will do it the proper way, for nothing!

A lot of businesses start out as just ideas. People decide that, for one reason or another, they do not want to work for someone else or another company any longer.

The leap from this to setting up your own venture is only as long as you want it to be. But, being cautious and crossing every T and dotting every I is usually the best approach.

Simple I know, but what you need to do it sit back and think about the following. If you are in employment at the moment (lets say earning £17,500) per annum your company will need to earn at least £20,000 (with NI) to pay you. This needs to be net profit. So, for you to start in business on your own and hopefully earn at least the same salary, you need to generate nearly £400 profit per week.

This is on top of all your other business outgoings. When doing your sums, you will be looking for an idea of costs for a variety of items. One of these will be small business insurance. We get a lot of phone calls from people who are thinking of starting on their own looking for a bit of advice and rough costings.

We welcome these calls but we do need some accurate information in order to give a realistic estimation. One of the main questions is, how much will I be paying.

The difficulty with commercial insurance, is that we need to know the location, the type of business, an idea of the replacement cost of all contents and turnover/wage roll. If you have a business plan, this information will be easy to come by.

Once you have this to hand, we can then give you a better idea of premium.