A complex and once expensive area of contractor finance, many contractors are now looking at the various insurance policies which are available to protect you in the event of an accident at work, or claims against you for negligence.
IT contractors provide professional advice which is relied upon by others (clients). This means if you make a mistake in your work you have a direct financial responsibility to your client for the errors. Whilst you may consider the possibility remote, it does happen.
Increasingly, some clients are insisting on evidence of professional indemnity insurance and having this protection will prove to your clients that you are professional in your approach and will help in obtaining future work. These policies are now reasonably priced and will also provide peace of mind.
Through our partners we are able to offer low fees (from £165 pa), instant cover via a simple, online application. To apply click here
Exclusive offer: 20% off Professional Indemnity, IR35 & Liability insurance - why pay more?
If you are a fully paid-up member of Contractor Alliance your insurance costs will be reduced by 20% due to an exclusive deal with have with Caunce O'Hara. Membership of the Alliance is just £25+VAT, so it's worth working out what you might save by becoming a member. Insurance can be bought instantly, online, once you log in to the Contractor Alliance membership area.
Articles suggests Professional indemnity claims for IT consultants have increased by more than 40% in recent years, which can be read here.
