Forum

• # 70513
• Mon 02 May 2011 12:05 PM

Hi all,

I'm not sure the amount of cover I have is correct. Is there a way of calculating it so I don't pay too much or too little?

Thanks,

Vanessa

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• # 70518
• Mon 02 May 2011 04:49 PM

Hi Vanessa

You need to have 5 times your annual turnover. Minimum cover with most companies is 100k, it's probably best to start with with this but make sure they will allow you to increase your cover during the year. Trafalgar do this but I'm not sure about other companies.

cheers
Mike

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• # 70521
• Mon 02 May 2011 07:21 PM

Thanks Mike.

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• # 72132
• Mon 13 Jun 2011 09:05 PM

Hi,

I provide other services as well as bookkeeping so bk is only a part of my turnover. Do I still need to calculate PII on the total turnover? I'm guessing the answer will be yes.

Thanks

Angie

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