Changing account

[oraclesmith]

is it not illegal to operate a company employing someone without employers and public liability? also is Profesional Indemnity needed or just a good idea?

cheers

You must have some business liability cover.

PI is recommended at it's cheap in comparison to the risk and will be a prerequisite in some contracts, in my opinion.

Legal expenses cover insurance is recommended if there is a risk of investigation, so it depends what you're up to. In my opinion.

It's all good.

[oraclesmith]

As a rider to this, I would have thought that if you're running a limited without business liability (employers and public) in place then you run the risk of invalidating other insurances such as legal expenses because you're not carrying out due diligence.

[jh0711]

yeah I find Pi clauses in most agency contracts - i have never gone direct are the contracts similar or is it a lot more flexible?

cheers!

[Nixon Williams]

is it not illegal to operate a company employing someone without employers and public liability? also is Profesional Indemnity needed or just a good idea?

cheers

You no longer need employer's liability if you are the only employee. Other insurance packages can be sourced for around £200-300 per annum.

There should not be any setup costs, many accountants,(us included) do all this for free. Our monthly charges are £60+VAT per month with nothing more to pay, this would cover all the tax and accounting needs for the company. We also cover your personal tax return.

A contract review will cost around £140+VAT

I hope this answers your query.

Alan

[oraclesmith]

yeah I find Pi clauses in most agency contracts - i have never gone direct are the contracts similar or is it a lot more flexible?

cheers!

If you go direct it's your contract so you can be as flexible as you can negotiate but it must be 'reasonable'. Get a solicitor or the PCG to give you a template. My solicitor advised me never to mention PI in the contract unless I have to as this may be seen as encouraging the client to make a claim. The PI is YOUR insurance, not theirs !