Posted: Tue Nov 22, 2011 8:17 am
Is it possible to get small business insurance whilst in an IVA ?
Yes I am sure several posters will pass on details when they see this thread.
Paul
www.iva.co.uk
The IVA community
http://www.iva.co.uk/forum/
Small business insurance whilst in an IVA ?
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Posted: Tue Nov 22, 2011 8:31 am
Posted: Tue Nov 22, 2011 8:38 am
Check out Coveritall in the Ask a question Link. He is an expert who posts on here and does insurance. His contact details can be found in his bio.
Posted: Tue Nov 22, 2011 8:38 am
There is somebody who posts on here who could help - think his name is 'coveritall' x
Posted: Tue Nov 22, 2011 4:18 pm
Hi Rachel
What kind of business are you starting ?
What kind of business are you starting ?
Posted: Tue Nov 22, 2011 9:49 pm
Hi. My husband and I are in an IVA (commenced March this year) and he runs his own small business, when we tried to renew the Public Liability Insurance they quoted us triple, yes TRIPLE the normal price. Needless to say we are still shopping around 
Helen
Helen
Posted: Wed Nov 23, 2011 8:52 am
Hi all,
Thanks for responses.
A small cake making and decorating business registered as soletrader. I work full time so this would only be a part time/sporadic occupation in addition to the day job. More of a hobby that occasionally pays me! I'm not sure if it's even mandatory to have insurance but it seems like something I should have! But it might cost me more than I would make! Also, I don't know how this would effect my IVA payments as I know 50% of any additional earnings are payable into the IVA which is fair enough but as this would not be a regular/guarenteed income I don't know how that would work... if anybody has any knowledge about that I would be grateful to hear it.
Many thanks - Rachel
Thanks for responses.
A small cake making and decorating business registered as soletrader. I work full time so this would only be a part time/sporadic occupation in addition to the day job. More of a hobby that occasionally pays me! I'm not sure if it's even mandatory to have insurance but it seems like something I should have! But it might cost me more than I would make! Also, I don't know how this would effect my IVA payments as I know 50% of any additional earnings are payable into the IVA which is fair enough but as this would not be a regular/guarenteed income I don't know how that would work... if anybody has any knowledge about that I would be grateful to hear it.
Many thanks - Rachel
Posted: Wed Nov 23, 2011 8:54 am
Seem very unfair that people who are trying resolve their debt problems should be be penalised by having to pay triple rates!
Posted: Wed Nov 23, 2011 12:14 pm
Lucky to get PLI at all while in an iva. Tonnes of posters struggle with this! Who was the firm Helen? They might be useful for others.
Posted: Wed Nov 23, 2011 2:59 pm
The company are called Simply Business (www.simplybusiness.co.uk) if you are interested in getting a quote.
Posted: Thu Nov 24, 2011 12:42 am
If you contact me off Forum, I will be happy to get you a quotation.
It has taken nearly two years to arrange, but we finally have agreement upfront from Ageas Insurance Ltd (formerly Fortis) that we can confirm in writing that when they are aware of a Client being in an IVA this does not affect the insurance at all, nor does it increase the premium.
It has taken nearly two years to arrange, but we finally have agreement upfront from Ageas Insurance Ltd (formerly Fortis) that we can confirm in writing that when they are aware of a Client being in an IVA this does not affect the insurance at all, nor does it increase the premium.
Posted: Thu Nov 24, 2011 8:16 am
That's good news John and we will certainly point people in your direction if they ask.
Thanks for that.
Thanks for that.
Posted: Thu Nov 24, 2011 1:57 pm
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by CoverItAllSilly question I know, but how do we contact you off Forum as really interested in getting a quote. Thanks. Helen
If you contact me off Forum, I will be happy to get you a quotation.
It has taken nearly two years to arrange, but we finally have agreement upfront from Ageas Insurance Ltd (formerly Fortis) that we can confirm in writing that when they are aware of a Client being in an IVA this does not affect the insurance at all, nor does it increase the premium.
Posted: Thu Nov 24, 2011 2:11 pm
If you go.to the 'Ask a question' link on the left hand side of the page and scroll down, you will find his contact details there.
Posted: Thu Nov 24, 2011 4:37 pm
My e-mail address is in my signature.