Hi
I have just setup a new Ltd company for my contract / consulting work. I am a technical PM / Consultant. At the moment It's just me + wife as directors/owners. Sometimes I outsource work to other contractors/consultants (app / web devs, devops, creative people)
As I understand it I need
1. Public Liability - £10m
2. Employers Liability - £1m
3. Professional Indemnity - £500,000
I also added legal cover to this as well.
Costs we around £500 a year with hiscox.
I am an IT / Digital Web / mobile app / digital video consultancy. Any single project value is not going over £500k so far, although possible I could be part of a much larger project. Do I just need to insure my part?
Is this enough - or too much?
Thanks
I have just setup a new Ltd company for my contract / consulting work. I am a technical PM / Consultant. At the moment It's just me + wife as directors/owners. Sometimes I outsource work to other contractors/consultants (app / web devs, devops, creative people)
As I understand it I need
1. Public Liability - £10m
2. Employers Liability - £1m
3. Professional Indemnity - £500,000
I also added legal cover to this as well.
Costs we around £500 a year with hiscox.
I am an IT / Digital Web / mobile app / digital video consultancy. Any single project value is not going over £500k so far, although possible I could be part of a much larger project. Do I just need to insure my part?
Is this enough - or too much?
Thanks
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