MMarshall

1 minute ago, Dan Maynard said:

The biggest chunk is plant insurance, when I started think the EL + PL was around £600. Ring Trust Insurance and ask them, they know the industry and your situation is far from unique. I found the other companies (Arborists, Tree Surgeon Insurance) less geared up to someone part time so their quotes were higher but you need to do the legwork, get on the blower and find out the situation now. Maybe we're all in for a shock next renewal.

👍🏼Good chat

Makes sense

As you say - insurance is your biggest overhead - which for a startup of just 2 is really the main issue. Cash flow is obviously the biggest issue early on 

2k is obviously a significant wedge for a new startup of just 2 guys especially if that's just part time. Is 2k just for yourself + ad hoc employees as & when needed? What sort of turnover?

29 minutes ago, htb said:

Wife and myself have always run as a partnership and both covered under PL, now have EL as well due to bringing in more labour to help out as we are getting older, let the young take up the slack.

Sounds like Ltd Partnership is a viable option for negating need for EL 👍🏼 does it save much on insurance costs compared with EL ? Any recommendations on insurer ?

Pricing up likely new startup costs for a 2 man partnership atm & wondering if PLI can be covered for both partners under a LLP business structure, rather than going down the single employer + employee route for liability insurance.

Anyone have experience of insuring their business along these lines ?

Can you possibly share your cost of insurance through Trust ? - would be helpful as a very rough guide to budget for a potential new startup with a partner 👍🏼

Very helpful 

Has there been any discussion or information in the past on the forum re insuring as a Limited Liability Partnership as a workaround ? looking at a potential 2 man new startup as a partnership 👍🏼