PCG Insurance

[pfeds]

Sorry for the newbie question... I've recently started this contracting malarkey so I'm still finding my feet.

I need professional indemnity and public liability insurance and have found quotes around £25 to £30 a month. I keep seeing PCG mentioned but I'm not sure what I should do or whether I can get the above insurance via PCG?

I've been looking on their site and it seems there is an annual fee of £120+VAT for standard membership or £220+VAT for PCGPlus. There is a link that details "discounted professional indemnity and public liability insurance" but I need to be a member to see the details.

Can anybody recommend me what I should do?

Should I just get insurance cover for what I need for £25 a month, or should I join PCG (and what would this cost?).

Thanks.

[xoggoth]

Can't say at mo while away but if you look in at weekend I will give details of the one I use.

[Dave Contractor Jnr]

Never needed it.

[XLMonkey]

Randell Dorling and Freelance Insure are the companies that the PCG have preferential rates negotiated with.

Joining PCG won't save you that much on the insurance (about 10%), but joining is a good idea anyway as the guides, tax investigation insurance and other stuff are well worth it.

You might want to check whether you really need professional indemnity insurance. Although lots of agents (and clients) state this as a requirement, in practice the level of checking is minimal and the level of enforcement is virtually nil. I would recommend waiting until the client/agency asks to see a certificate before buying the policy....

[css_jay99]

Hi all, I have decided to get a PCG membership but having difficulty in deciding either to go for standard or plus

Basically the only thing that interest me in the PCGPlus is the PAYE Audit cover and some of what it entails really, seem to be in the standard membership unless I am mistaken

Can anyone give clearity on why the PCGplus (only PAYE Audit Cover is of importance) is better than standard membership or should i just go for standard membership. I certainly dont think I am doing anything illegal to fear the taxman, I operate a PAYE. the only place where there could be any potential problems ( same for most people I guess) is IR35 arguments with the tax man. Surely the standard membership should contain everything to help me when there is an IR35 investigation ?


cheers


css_jay99

[malvolio]

PCG standard covers you for the costs of an IR35 investigation. PCGPlus covers you for the costs of a PAYE audit that might lead to an IR35 investigation, but is more likely not to if done properly. So the extra £90 a year potentially saves an awful lot of grief and extra heartache by minimising the risk of an investigation, with the average IR35 case running at around 30 months and costing around £10k. And don't ignore free Jury Service cover either if you ever need it, it is very valuable. The rest of the Plus package is window dressing.

Like all insurances, it's a risk assessment. A lot of people (about one third, from memory) think it's worth it.

[Contractor UK]

Try here!:

http://www.contractoralliance.co.uk/

Sorry for the newbie question... I've recently started this contracting malarkey so I'm still finding my feet.

I need professional indemnity and public liability insurance and have found quotes around £25 to £30 a month. I keep seeing PCG mentioned but I'm not sure what I should do or whether I can get the above insurance via PCG?

I've been looking on their site and it seems there is an annual fee of £120+VAT for standard membership or £220+VAT for PCGPlus. There is a link that details "discounted professional indemnity and public liability insurance" but I need to be a member to see the details.

Can anybody recommend me what I should do?

Should I just get insurance cover for what I need for £25 a month, or should I join PCG (and what would this cost?).

Thanks.

[Pondlife]

Try here!:

http://www.contractoralliance.co.uk/

Absolutely shameless Mr Admin

[ratewhore]

Try here!:

http://www.contractoralliance.co.uk/

[malvolio]

Doesn't answer the question anyway...