Hi,
Apologies if this is a stupid question. I am a new IT contractor. I imagine I am a pretty typical infrastructure H/W, OS etc etc. I do mainly installation, configuration and support of server/networks work and typically only work 50-70% of the year. It did not occur on my first contract but my new contract mentions that I must have PL and PI insurances. I know what they are meant to protect against, but I do not understand why, when I am operating as a Ltd company, I need these. I thought one of the main thing underpinning that was that there was ltd liability.
I am not just looking to avoid paying for it, I surely will if it is advisable/best practice, I just want to have a better understanding of my risk.
Thanks,
Apologies if this is a stupid question. I am a new IT contractor. I imagine I am a pretty typical infrastructure H/W, OS etc etc. I do mainly installation, configuration and support of server/networks work and typically only work 50-70% of the year. It did not occur on my first contract but my new contract mentions that I must have PL and PI insurances. I know what they are meant to protect against, but I do not understand why, when I am operating as a Ltd company, I need these. I thought one of the main thing underpinning that was that there was ltd liability.
I am not just looking to avoid paying for it, I surely will if it is advisable/best practice, I just want to have a better understanding of my risk.
Thanks,
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