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

At Horner Downey & Co we recommend that our limited company contractor clients have appropriate business insurance in place. It’s important that contractors safeguard themselves and their companies so we’ve partnered with experts Kingsbridge Contractor Insurance to make it easy for you.

The Kingsbridge insurance policy is specifically tailored to meet the needs of professional contractors and freelancers.

Here’s what Kingsbridge can provide;

Professional Indemnity covers you against claims involving accusations of professional negligence, making an error or omission, and giving bad advice which results in financial loss. It will provide cover for legal costs as well as any damages awarded against you.

Public Liability provides cover if someone is injured or property is damaged as a result of your actions. Whether you are working on your own premises or the premises of your client, you have a duty to protect anyone who might be affected by your activities.

Employers’ Liability provides protection against claims from employees. It is compulsory for almost all UK businesses. Regardless of your set-up, this is often insisted upon by clients who may require you to comply with a standardised contract.

Click here to find out all the benefits of taking out Kingsbridge Contractor Insurance.

To discuss your business insurance arrangements, please contact the team at Kingsbridge directly.

Call: 01242 809316