New In Business Need Advice

[RyanWillco]

Hi All

 

I have recently taken over my fathers construction company & I need some advice,

 

So he's was running this for 35 years now & near enough done everything on paper, from his books to his stock, everything! However I'm planning to change this, after weeks of looking through Quickbooks, Xero, FreeAgent & others, I finally found one, now to look into the insurance side & it needs to be renewed - I'm looking into Axa business insurance however I'm really lost on what type of insurance would be best, public liability? Professional indemnity? Business? Do I need to take any out when hiring equipment? I Would take notes from my father but he's left & I won't see him again sadly. I know abit about construction from first fix to tarmacking, however I'm really confused about the actual business/finance side of things

 

I'm very grateful I've been accepted to join you guys here & I'm really looking forward to learning more.

 

Thankyou in advance I look forward to hearing back

 

Best

 

Ry