Insurance cover

[scouseladybird]

Hi everyone,

I'm a newbie both to contracting and this forum; though I've got to say reading the threads here has really helped me make some key decision about my business, so thanks

Quick question, what type of insurance do you believe its necessary to have? I'm nearly 50 and single with no dependents. Please no sales pitches, just good ol' honest advice about the types of insurance.

Many thanks in advance,

Scouse

[cojak]

You can find insurance stuff here http://www.contractoruk.com/insurance/

Most contractors go for Professional Indemnity Insurance, and a lot of contracts insist on it.

Buying the other stuff depend on your risk appetite.

[northernladuk]

You mention your age and social situation. Are you talking about health insurance rather than business insurance?

If you want more information on the types of insurances they will all have been discussed on here at some point or another. The link below will allow you to find the threads they were discussed in.

http://forums.contractoruk.com/welco...uk-forums.html

So for example if you want to know more about PI then put in Indemnity Insurance site:forums.contractoruk.com in Google.

[scouseladybird]

Fab! Thanks for the replies, that's really helpful 😀

[mudskipper]

If you mean business insurance, there's a shiny new IPSE guide here

[fatJock]

As others have said, most contracts insist. My current one insists on professional indemnity, employers and public liability insurance for instance.

I have mine via Qdos but there are some really good threads and stickies on the subjects.

Look at IPSE+ too in relation to some IR35 investigation cover. There are other insurances available too in relation to IR35 risk.

[SeanT]

My current one insists on .. employers .. liability insurance for instance.

How can they insist on that if you don't employ anyone???

[northernladuk]

How can they insist on that if you don't employ anyone???

It's probably a requirement for all suppliers. Just tell them you are exempt and get on with it.

[fatJock]

How can they insist on that if you don't employ anyone???

For the small sum involved it wasn't worth the argument .....

[radish2008]

How can they insist on that if you don't employ anyone???

Doesn't that cover your substitutes if you have/need them in the future ?