How is my insurance premium calculated?

To calculate your premium, we look at a variety of factors related to your business, such as its size, turnover and number of employees. Your business activities are also important, as some types of work naturally involve more risk than others. It also depends on the type of insurance you are buying. So, if for example you’re buying office contents insurance, your premium will depend on the value of the equipment and belongings you want to insure.

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