There are several types of insurance that a contractor may benefit from. These policies are known as:
Professional Indemnity Insurance - in case a client sues for making a costly mistake whilst undertaking contractual duties such as the loss of data or unintentional breach of copyright.
Public Liability Insurance - in case a member of the public is injured, or property is damaged as a result of the actions of the company (or its employees).
Employers Liability Insurance - in case an employee is injured (or worse) whilst working for the company. Often mandatory for any company's that has more than one working employee.
There are several types of insurance that a contractor may benefit from. These policies are known as:
Professional Indemnity Insurance - in case a client sues for making a costly mistake whilst undertaking contractual duties such as the loss of data or unintentional breach of copyright.
Public Liability Insurance - in case a member of the public is injured, or property is damaged as a result of the actions of the company (or its employees).
Employers Liability Insurance - in case an employee is injured (or worse) whilst working for the company. Often mandatory for any company's that has more than one working employee.
Book a free consultation to learn more about contractor insurance.
We walk through the specific insurance requirements that contractors and freelancers may have and how to find the best policy for you.
This Outside IR35 Calculator for contractors estimates take home pay for contracts Outside IR35.
