As a provider of services via a limited company, it is important to have adequate business insurance in place – some or all of professional indemnity, public liability and employers’ liability.
- The majority of agencies require contractors to have appropriate insurance cover which will normally form part of your contract with them
- If your actions lead to anything being damaged or someone being injured; or any advice you provide or work you complete results in a client losing money, a claim could be made against you. Having appropriate insurance cover could be what keeps you in business
- Holding business insurance is also a key IR35 indicator, indicating to HMRC that you are operating as a legitimate business
If for any reason you do not hold the appropriate insurances, we would suggest you contact our insurance partner Kingsbridge Contractor Insurance, a specialist insurance broker specifically for contractors.
Kingsbridge provide a comprehensive, competitive and fully compliant package that includes all the key insurances you may require, meaning you only need one policy to cover your main exposures and meet your contractual obligations.