Contractor Insurance

Contractor 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.

Our Insurance Partner Markel have a client base of over 200,000 and understand the unique challenges faced by contractors and small business owners.

Markel Direct Insurance

ContractorUK have partnered with Markel Direct, a specialist insurer of contractors, freelancers, self-employed professionals and micro-businesses to offer a 10% discount on contractor insurance to ContractorUK readers with code CUK10.

Exclusive 10% discount with code CUK10

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.
Employers Liability Insurance
Covers you if an employee becomes ill or is injured because of the work they do for you.
Public 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 additional 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.

Other Trusted Insurance Providers

The following insurance policies are also available via a selection of ContractorUK's other trusted providers:
Contractor IR35 Insurance
Income Protection Insurance for IT Contractors
Relevant Life Insurance for Contractors
Life Insurance for Contractors
Critical Illness Insurance cover for Contractors
Jury Service Insurance for Contractors
*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.
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. 


Income Protection Insurance

Guide to Income Protection Insurance for IT Contractors

Income Protection - as a contractor you are completely exposed to financial hardship in the event of even a minor illness or accident. Protect your current lifestyle with a specially tailored income protection package.

Relevant Life Cover

Relevant Life Insurance for Contractors

One Man Ltd company Contractors can fund life insurance through the business with no income tax or benefit in kind considerations thanks to a change in legislation that means smaller companies now have the chance to tax efficiently provide death in service benefits for their employees. Find out more on saving tax on your relevant life insurance here.

Life Insurance

Life Insurance for Contractors

We know it’s not something you like to think about but Life Insurance offers your family an essential safety net if the worst should happen. Thankfully, you won’t need to dwell on the subject for too long as the ContractorUK Money Club has all the answers you need...

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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'.