Can I take out a policy if my business is based abroad?
It depends on your profession, please have a read of the policy wordings, or feel free to give us a call on 0845 370 9030.
Laptops and other portable equipment can be covered if you take them abroad, however.
Would I be able to make changes to the policy once I’ve taken it out?
Yes – you could vary the level of cover, notify us of a change in address, or cancel.
In any case just let us know – there’d be no administration charge for altering levels of cover and no cancellation charge.
Remember that if you change your address your new premises will have to meet the security requirements.
I’m a broker – can I complete online on behalf of a client?
Unfortunately not – we’re unable to offer our online policies wholesale.
I already have a policy underwritten by Hiscox – can I take out an online policy instead?
If you did want to purchase a policy online, you would have to cancel your existing Hiscox policy.
Who provides the insurance and how can you be so competitive?
The policy is underwritten by Hiscox Insurance Company – a market leader in professional insurance.
It is Hiscox’s long experience in providing this insurance, combined with the cost savings enabled by our on-line service that enables them to offer competitive premiums.
How easy would it be to cancel a policy?
It couldn’t be easier. Just let us know you wish to cancel your policy – there’ll be no administration charge and you’ll only pay for the cover up to the date you cancel.
What types of insurance are compulsory for self-employed consultants / small businesses?
The only insurance you are legally required to have is employers’ liability Insurance (unless you are a sole trader, in which case employers’ liability Insurance is not required).
Public liability insurance is not a legal requirement but it is strongly recommended that you have this cover. It will protect you if someone makes a claim against you because you, or an employee, are held responsible for causing them an injury, or damage to their property, in the course of your business activities. If you visit clients’ premises, or clients visit you, it’s a sensible precaution to take out this cover.
Do I have to pay VAT on this policy?
No – there’s no VAT on insurance premiums. However, Insurance Premium Tax (IPT) is included in all policies. This is charged at 5% and is obligatory for anyone who takes out a policy, regardless of whether you are VAT registered.
The quotation you receive online is inclusive of IPT.
I’ve lost my documents. Where can I get replacements?
Just let us know via email and we will get replacements sent straight out to you.
