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Business Insurance

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  • 03-09-2015 3:56pm
    #1
    rojito
    Registered Users Posts: 82 ✭✭


    Hello there,

    I am looking for some quick guidelines on insurance costs for a distribution business premises. We'd be looking at about 3000 sq feet of storage space and an office.
    We expect to have about 20,000 euro of stock on hand at any given point.

    I'd really appreciate any help or advice with this.


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    #2
    pedroeibar1
    Closed Accounts Posts: 5,108 ✭✭✭pedroeibar1


    Contact a broker. S/he will obtain several quotations for you and explain which is the most advantageous (not always the cheapest!)


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    #3
    rojito
    Registered Users Posts: 82 ✭✭rojito


    Thanks pedroeibar1,

    I'm still a ways off actually needing the insurance. I need to submit a proposition tomorrow and on going through the finer details I realise my estimation is probably quite a bit off target.

    As such, just looking for advice from anyone who might have a better idea than me about a rough figure.

    Cheers


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    #4
    delahuntv
    Closed Accounts Posts: 1,532 ✭✭✭delahuntv


    About 600 - 700 for public liability / stock / fixtures

    Landlord will add buildings insurance to your rent. - About €300.


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    #5
    rojito
    Registered Users Posts: 82 ✭✭rojito


    That's perfect delahuntv, thanks for that.

    Yeah the landlord of the unit I am looking at has already told me he factors in the building insurance.


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    #6
    pedroeibar1
    Closed Accounts Posts: 5,108 ✭✭✭pedroeibar1


    I'd allow considerably more. Premium will depend on what is stored, how it is stored, where it is stored, sprinkler systems, alarm monitored/not, etc.
    What you have asked is the equivalent of "How much is the insurance for a car?" -without specifying the age of the driver, make/model, etc.


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    #7
    rojito
    Registered Users Posts: 82 ✭✭rojito


    Yep, I appreciate that, although I have given an idea of the size and value of the "car", so thought that might help give help with rough figure I am looking for.
    As hinted at in my other reply, it will be a rented unit, within a storage/warehousing facility, so should come with security and sprinklers etc. Obviously I need to consider all that but I am just looking for an quick estimation for my early budget at this point.

    Again, I have a deadline for tomorrow so perhaps it's too late to start chasing brokers for quotes. My own fault, I know.

    It's always good to learn more about what I need to consider in future though :)


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    #8
    ky15
    Registered Users Posts: 5 ✭ky15


    Anybody know any insurance provider which will give product liability for non-eu goods retailing online?


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