Employers/Public Liability and Professional Indemnity Insurance

[ASHGOON]

Another q!!

Just been told by the agency I need all of the above. So I've joined the PCG quickly (140 quid!!), and they advised to go to randelldorling - but they are quoting me £400 even as a PCG member!! This is suddenly getting very expensive!!

Am I missing something? Need the following:

Professional Indemnity : £1 Million

Combined -
Public Liability : £5 Million
Employers Liability : £5 Million

Is this excessive? Do I need to be looking elsewhere?

Also, when do I need the insurance to start - the date the contract starts?

Help!!

[Pondlife]

Does your contract state that you need £1M prof indem ins?

If not, then for £200 (approx) you can have £100,000 with access to a shared pot of £2M (£1M claim limit)

£1M seems excessive but it depends what you do.

HTH

[Cowboy Bob]

Another q!!

Just been told by the agency I need all of the above. So I've joined the PCG quickly (140 quid!!), and they advised to go to randelldorling - but they are quoting me £400 even as a PCG member!! This is suddenly getting very expensive!!

Randall Dorling wouldn't even quote for me (a few years ago now, they might do now) as I'm involved in financial transactions. I ended up with Caunce O'Hara - http://www.caunceohara.co.uk/ - they might be cheaper depending on what you do.

[boredsenseless]

Randall Dorling wouldn't even quote for me (a few years ago now, they might do now) as I'm involved in financial transactions. I ended up with Caunce O'Hara - http://www.caunceohara.co.uk/ - they might be cheaper depending on what you do.

£400 may seem expensive, but if its a requirement to getting the gig its much more costly to walk away for the sake of £400.

If its a 3 month contract (60 days) you only need to up the rates by £6 a day to cover it (and then you get the next 9 months free). You probably waste that in Starbucks each day, I know I can.

Remember sometimes to make a lot of money you need to spend some first.

[ASHGOON]

Another q!!

Also, when do I need the insurance to start - the date the contract starts?

Help!!

Thanks all - what about the date?

[Cowboy Bob]

Thanks all - what about the date?

Yes, is the answer. You won't be covered otherwise and if you drop that expensive rack mounted server...

[Emperor Dalek]

If you're having trouble getting cover, speak to a market broker such as Aon. They will know someone who will take on the risk.