Contractor Insurance

As a contractor, protecting your business with the right insurance is essential. While we don’t offer insurance policies directly, we highlight the types of coverage that contractors should consider to safeguard their businesses and financial well-being.

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Types of Insurance Contractors May Need

There are various types of insurance that contractors often consider to ensure they are fully protected. These include:

  • Professional Indemnity Insurance
    Protects you from claims made against you for negligence or mistakes in your professional services, including defence costs and damages.
  • Business Liability Insurance
    Covers you for accidental injury or property damage caused to clients, the public, or their property during the course of your work.
  • Office insurance
    Protects your business equipment from damage, loss, or theft, whether you’re working from home or in an office setting. You can also add coverage for portable equipment and business interruption.
  • Cyber and data risk insurance
    Helps protect your business from cyber threats such as data breaches or malicious attacks that could disrupt your operations.
  • Personal accident insurance
    Provides financial support if you or a key employee are unable to work due to an accident, covering lost income or medical expenses.

Additional Insurance Coverage Options

Many contractors also consider the following types of insurance to further safeguard their businesses:

  • Contractor IR35 Insurance
    Protects you from tax liabilities related to the IR35 legislation, helping ensure compliance.
  • Income Protection Insurance
    Covers your income in case you're unable to work due to illness or injury, ensuring financial security during challenging times.
  • Relevant Life Insurance
    A tax-efficient life insurance option for limited company contractors, offering ‘death-in-service’ benefits.
  • Life Insurance
    Provides peace of mind and financial security for your family and dependents in the event of your death.
  • Critical Illness Insurance
    Helps protect your financial well-being if you're diagnosed with a serious illness, allowing you to focus on recovery.
  • Jury Service Insurance
    Offers protection against lost income if you're called for jury service, with coverage for up to £500 per day.

The following insurance policies are also available via a selection of ContractorUK's other trusted providers:

Why Contractors Need Insurance

As a contractor, it’s crucial to safeguard your business and personal assets from potential risks. The right insurance policies can:

  • Protect your business and reputation in case of claims.
  • Provide financial security for you and your family in the event of illness, injury, or death.
  • Help maintain your client relationships by demonstrating professionalism and risk management.

If you’re unsure which insurance policies are best for your needs, it’s always worth consulting with a trusted provider who can offer tailored advice and coverage for contractors.

Insurance cover available

The ultimate guide to Critical Illness Insurance for contractors

As a contractor, your financial stability is closely tied to your ability to work. The absence of employer-provided benefits like "death in service" or sick leave can leave you vulnerable.

Why contractors should consider Relevant Life Insurance

As a contractor, ensuring financial security for your family and dependents is vital. Relevant Life Insurance offers a unique, tax-efficient solution for limited company contractors to provide ‘death-in-service’ benefits through their business. This policy not only protects your loved ones but also maximises the financial benefits of operating through a limited company.

Income protection Insurance for contractors: What you need to know

As a contractor, if you don't work, you don't get paid. Unlike permanent employees, who have sick pay and other safety nets, you're on your own. That's why income protection is essential.

Life Insurance for contractors: Protecting your family and maximising financial security

As a contractor, securing life insurance is essential to replace the "death in service" benefits often lost when transitioning from traditional employment to freelancing.

Contractor IR35 Insurance

With the current uncertainty surrounding the IR35 legislation, one way you can protect yourself is by taking out IR35 insurance (also known as tax liability cover).

Health Insurance

Health Insurance for UK Contractors

As a contractor, you want to enjoy all the benefits that come from leaving permanent employment. However, with this freedom comes a risk that your income could be disrupted by a routine operation or unforeseen illness. Every day that you are not able to work is a day’s income lost.

Find out 5 benefits of Private Medical Insurance (PMI) for contractors here. 

Jury Service Insurance

Jury Service Insurance for Contractors

Jury service is rarely thought about until you receive the letter.

Jury Service Insurance

Jury Service Insurance for Contractors

Jury service is rarely thought about until you receive the letter. Having an insurance policy which covers you specifically for this risk is a worthy and inexpensive investment; providing up to £500 per day (up to £5000) cover should you be 'called up'.