Does Umbrella provide professional indemnity insurance and public liability insurance Does Umbrella provide professional indemnity insurance and public liability insurance
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  1. #1

    Nervous Newbie


    Join Date
    Dec 2013
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    9

    Default Does Umbrella provide professional indemnity insurance and public liability insurance

    Hi,

    I have been contracting using my own limited company until now.

    I have just been offered a new contract and the client decided that all contracts are now inside IR35 (no exceptions) so I'll have to use their partner umbrella company for this engagement.

    Now the agent is asking me to have the following insurances:

    professional indemnity;
    public liability insurance;
    Employers Liability


    They also asked me to provide limited company details and VAT registration details.


    I am a bit confused. If I have to use the umbrella, then my ltd company should not come into the picture at all?

    Shouldn't the umbrella provide the above insurances as I'll be treated as if I am an employee of the umbrella?

    The policies I had with my ltd have all expired and I am not sure if I should renew them.

    If I do have to provide the above insurances, whose name should appear in the policy: my ltd company name or the umbrella company name or myself?

    Any suggestions/information will be greatly appreciated.

    Ian

  2. #2

    Double Godlike!

    malvolio's Avatar
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    Walking in the garden, dreaming of Olivia...
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    Default

    You don't need it. The client has said you're inside, so they are exercising Direction and Control, so PI is their liability.

    Chances are the agency is still working to an old script...
    Blog? What blog...?

  3. #3

    Still gathering requirements...


    Join Date
    May 2013
    Location
    London
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    Default

    As the Umbrella company is now your employer, they should provide all insurance.

    Have a look at the opening paragraphs from this (Contractor Umbrella) :

    https://www.contractorumbrella.com/r...any-insurance/

  4. #4

    Default

    Point them to the umbrella - job done


    Sent from my iPhone using Contractor UK Forum

  5. #5

    Nervous Newbie


    Join Date
    Jan 2020
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    1

    Default

    Are you accepting an inside IR35 contract with the same client?

    You may want to think about it first before you accept, you maybe proving to HMRC that you have always been inside IR35 and will have to pay back tax...

  6. #6

    Fingers like lightning


    Join Date
    Feb 2013
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    Ipswich, Suffolk
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    Default

    Yes any umbrella company should be able to provide you with full insurance documents, usually included within their margin

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