14. Financial matters - IT contractor insurance
There are 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 reasonably priced and will also provide peace of mind.
For further details of how to protect yourself visit our Contractor Insurance page