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Business Insurance

Small Business Insurance

Professional Indemnity Insurance

What will happen if your client alleges to have suffered a financial loss as a result of a professional error or omission in the services that you have provided?  PI Insurance not only fully indemnifies you in  these cricmustance, but covers all defence costs. Not only does it act as a vital insurance cover, but PI is also a good business indicator and is mentioned and considered as part of the business entity tests for IR35 status. This cover is often stipulated as a contractual requirement and is available for as little as £159.

Public Liability

This policy is essential in ensuring a contractor’s complete peace of mind. What would happen if injury or death was caused to a member of the public through your actions? Have you ever considered the potential costs of 3rd party property damage? From just £51 per annum, Public Liability Insurance can protect against claims of this nature. Besides being a good business indicator, PL is usually required in most contracts before work can commence.
contractor insurance

Employers Liability

If your Ltd company employs anyone other than a director who owns at leats 50% of share capital, you are legally required to carry this Employers Liability Insurance. It covers you for claims whereby an employee has suffered death or injury as a resut of your negligent actions as employer, including defence costs.  The £48.00 per annum is but a small price to pay should mistake or misfortune occur.

Tax Liability Cover

IR35 is a potentially devastating prospect to any professional contractor, and just because you think that you are IR35 compliant, that doesn’t mean you are safe from an enquiry. HMRC are increasing the number of IR35 enquiries, subjecting contractors to increased scrutiny. In many cases HMRC go directly to your client when carrying out their enquiries, which could potentially harm your status and could reflect badly on any case that may occur. From as little as £199, this comprehensive insurance will not only cover your legal and representation costs, but also your Tax, NIC Liabilities, interest penalties and fines.  Potential liabilities in respect of an IR35 enquiry could easily equate to tens of thousands of pounds. IR35 can be the bane of a contractor’s profession, but Tax Liability Cover can give any contractor the complete peace of mind that they are protected in event of enquiry.

Contractor Sickness Cover

How would you cope with your finances in the event of illness, injury or disability? As an independent contractor you will not have the security of employment like benefits such as sick pay or paid leave, therefore with financial obligations such as mortgages and bills, the costs could be overwhelming. From only £25.84 per month, Contractor Sickness Cover helps massively by providing payments for up to a year, helping you keep on top of your finances. With the assurance of payments up to £3,000 every month during illness, Contractor Sickness Cover can really be a lifesaving policy.

Travel Insurance

Ever considered having one insurance policy that covers business trips, leisure and even your family members when they travel? Our annual travel insurance can cover all of the above and include cover for winter sports or high risk activities. Adding Qdos Travel Insurance to your package of insurance gives you the convenience of having all of your business policies under one roof.  For £48.44 per year, having travel insurance is one less worry in the fast paced lifestyle of contracting.

Office Protect Insurance

Are you protected for your office content, legal liability, computer equipment….? We can offer all of this under just one policy. For only £301.37, Office Protect Insurance gives a contractor the complete peace of mind necessary when it comes to protection if the worst were to happen. Without this insurance, the negative impacts could be dire, and as they always say, it’s better to be safe than sorry.

Jury Service and Legal Protection

The rigmaroles of jury service can be a hugely costly and time consuming process. Similarly, the costs of funding legal representation for your business can be signififcant. For only £69per annum Jury Service and Legal Protection will represent you and cover the cost in the event of:

  • Contract disputes
  • Property disputes
  • Personal injury
  • Debt recovery

Contractor Insurance

Please Visit our Contractor Insurance Shop to find out more about the insurance products featured within this article.