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Contractors take out professional indemnity insurance to protect themselves against professional negligence. This contractor insurance covers the costs if a client believes you have provided a faulty service and they’ve suffered a loss as a result.Â
As everybody knows, mistakes can happen, even with the best will in the world. You might be an IT contractor who, while updating a client’s app or software, has accidentally caused it to crash. Or you could be a digital marketeer who’s sent out a newsletter to thousands of people with the wrong information.Â
This is what Professional Indemnity Insurance is designed for – to protect you from errors you make while carrying out work for a client. And while PI insurance, as it’s commonly known, is a good-to-have, in many cases it’s a must-have and some clients and agencies will not work with contractors without this protection in place.Â
As an exclusive CBW partner, QAccounting offers a range of award-winning contractor insurance policies through its affiliate, Qdos Contractor, which is one of the UK’s leading providers of specialist cover. From professional indemnity insurance and public liability cover to protection against IR35 and much more, Qdos Contractor has supported tens of thousands of contractors since 1988.Â
- Limits of indemnity available up to £2m
- Competitive rates a range of professionsÂ
- Instant cover with documents provided immediately
- UK-based telephone support 6 days a week
- Annual and monthly payment options
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