Professional Indemnity and PA

[naveensoni]

Hi All,

I am doing contracting through my own limited company, how much PI and PA insurance should i go for? also suggest where i can get cheap insurance?

-Thanks
Nav

[FarmerPalmer]

I have policies with :

http://www.caunceohara.co.uk/

but just moved my PI to :

http://www.qdosconsulting.com/

[TykeMerc]

The amount of insurance you need is dependant on what sort of business you do, but as to reasonable priced suppliers Farmer has posted two good ones.

[BolshieBastard]

Upto £5m is more than enough.

In reality, you dont need PI or PA although some reckon its a pointer for outside IR35 (as if!) and does give peace of mind.

[Gonzo]

Upto £5m is more than enough.

In reality, you dont need PI or PA although some reckon its a pointer for outside IR35 (as if!) and does give peace of mind.

Although the contract might stipulate it.

All the ones that I have done have required £1M PI to be in place.

[BrilloPad]

Quite a good thread here :-

http://forums.contractoruk.com/busin...insurance.html

I reckon qdos are cheapest

[TheFaQQer]

PCG insurance through Randall Dorling.

[Bill]

just a side question but does anyone actually have employers liability insurance???
I don't have at the moment, but i don't start my contract until next wednesday. To be honest if I don't have to I won't.

[TheFaQQer]

just a side question but does anyone actually have employers liability insurance???

[Gonzo]

just a side question but does anyone actually have employers liability insurance???
I don't have at the moment, but i don't start my contract until next wednesday. To be honest if I don't have to I won't.

It used to be compulsary to have it but this requirement was waived a year or so ago for one-person limited companies where the one person owns at least 50% of the shares IIRC.

Having said that, the cost is not normally very high so I kept renewing it.