Pi/PL/El insurance renewal timing.

[SlipTheJab]

Bit of a piss take if you want to employ your wife so you can pay her in a tax avoidance set up but then argue she's not an employee when it comes to your legal obligation to have insurance really.

It's a good job you declare yourself inside IR35 for every contract as otherwise you may come across as a hypocrite while repeatedly banging that drum...

[SlipTheJab]

I suppose it depends on whether you want to be in breach of your contract, and potentially open yourself up to unlimited liability claims. Low risk i admit. Pretty flipping high impact though.

and for £300 a year. Are you having a laugh?


PS. I don't have EL and it's £205 from Qdos.

I'm not saying I won't get it just that I don't have 2 provide evidence of it for 5 months so may delay it, seems like it's not worth the effort so I'll perform the annual chuck 300 notes out of the window that I do every May!

[SueEllen]

I'm not saying I won't get it just that I don't have 2 provide evidence of it for 5 months so may delay it, seems like it's not worth the effort so I'll perform the annual chuck 300 notes out of the window that I do every May!

Some agencies I've been with are aware of that trick so chase me for updated documents....

[northernladuk]

It's a good job you declare yourself inside IR35 for every contract as otherwise you may come across as a hypocrite while repeatedly banging that drum...

Lol.. Yeah thanks for that valuable input.

Not all of us use a LTD as an avoidance strategy don't forget

[MrMarkyMark]

Lol.. Yeah thanks for that valuable input.

Not all of us use a LTD as an avoidance strategy don't forget

Totally agree, I run a LTD company for the joy it brings, it's like a hobby to me.









I don't get out much

[SandyD]

I started a new contract and already have a valid PI/PL, but was told before I didn't need EL as I am the only officer in my company and am the director, am not paying any relatives, no one else is named on the company... the new client co is asking me to provide PI/PL/EL policies, should I stand up to them and say I don't need EL??

Any official sites I can provide as evidence ?

[SueEllen]

I started a new contract and already have a valid PI/PL, but was told before I didn't need EL as I am the only officer in my company and am the director, am not paying any relatives, no one else is named on the company... the new client co is asking me to provide PI/PL/EL policies, should I stand up to them and say I don't need EL??

Any official sites I can provide as evidence ?

Use Google and find where it states it in the gov.uk site for businesses.

Alternatively look at legislation.gov.uk for the relevant companies act.

As you are an adult and work in IT you should be able to find these yourself.

Edited to say: This took me a second once I went on my laptop linky

[malvolio]

Just as an aside, if you have a valid Right of Substitution you will need EL, since it covers anyone working for you (which they will be as implied by an RoS) in any capacity. so while it is a minor point in the scheme of things, having an RoS without EL cover could invalidate the RoS as a sham.

Given it costs about four pence of the £200-ish or more of the full package it's really not worth arguing it, just buy it and forget it.

[SandyD]

Just as an aside, if you have a valid Right of Substitution you will need EL, since it covers anyone working for you (which they will be as implied by an RoS) in any capacity. so while it is a minor point in the scheme of things, having an RoS without EL cover could invalidate the RoS as a sham.

Given it costs about four pence of the £200-ish or more of the full package it's really not worth arguing it, just buy it and forget it.

Thanks, I was going to do this, will wait to see client's admin reply tomorrow as I sent just the PI/PL, if she comes back insisting on EL as well, will contact Qdos to add it.
In fact I never deliberately not taken EL, I was never asked for EL before, always just PI/PL and also Qdos just automatically issues PI/PL based on my company's information I provided ...

[malvolio]

Thanks, I was going to do this, will wait to see client's admin reply tomorrow as I sent just the PI/PL, if she comes back insisting on EL as well, will contact Qdos to add it.
In fact I never deliberately not taken EL, I was never asked for EL before, always just PI/PL and also Qdos just automatically issues PI/PL based on my company's information I provided ...

While my insurer issues all three... Which is why I looked up why.