car insurance - what employment status?

[Numpty]

Does your Ltd employ you as a programmer? No.

Mine does. I get a small salary and a payslip from My LtdCo.

Are you a director of your Ltd Co? Yes.

I'm one of those too getting lots and lots* of lovely dividends.




* where 'lots and lots' = barely enough to live on but we get by.

[Olly]

You could, but then you would be subject to the national minimum wage

hmmm. are you 100% certain of that...because I have strong feeling it's not the case.

[blacjac]

hmmm. are you 100% certain of that...because I have strong feeling it's not the case.

I am 100% certain that my accountant and my solicitor told me that if I have an employment contract then I am subject to the national minimum wage.

I suppose they could be wrong but I have no reason to suspect that...

[blacjac]

Does your Ltd employ you as a programmer? No.

Mine does. I get a small salary and a payslip from My LtdCo.

I'm one of those too getting lots and lots* of lovely dividends.

Exactly the same as me, and probably 90 % of contractors running their own Ltd company in the UK.

However,
if you are involved in an accident and
if the insurance company decide to do some digging and
if you cannot satisfy the inspector 100% that you are employed exactly as you have told them then
they will try to wiggle out of any payments and they will argue that your insurance contract is null and void.
This could lead to a prosecution of driving without insurance, however I have no first hand knowledge of this ever happening, just anecdotal.


Like I have said, for the extra couple of quid per year, is it really worth all the hassle of trying to argue your corner against an insurance company? Who no doubt would deem your incuded legal cover null and void as well so you'd have to pay yourself.

[centurian]

Exactly the same as me, and probably 90 % of contractors running their own Ltd company in the UK.

However,
if you are involved in an accident and
if the insurance company decide to do some digging and
if you cannot satisfy the inspector 100% that you are employed exactly as you have told them then
they will try to wiggle out of any payments and they will argue that your insurance contract is null and void.
This could lead to a prosecution of driving without insurance, however I have no first hand knowledge of this ever happening, just anecdotal.

Abso-effing-lutely - If an insurance co finds there is any discrepancy between what you said when you took out your insurance and the situation when you make a claim, they will declare your insurance null and void and refuse any payout.

Whether they will bother checking is another matter and in all probability, you would get away with it. But if they do manage to find out, you won't get a penny.

Just because we are used to arguing semantics with HMRC over IR35 doesn't mean we can do the same with insurance companies. They won't care what CUK, your accountant or your dog thinks. If get get a sniff of the word "director" anywhere and you haven't declared it, they will just turn around and say "we won't pay out, now f-off".

[diesel]

quite a few replies!
With some companies it made no difference to the quote ....but i dont want to give them my wrong details. Seems like from the replies one can argue this on 2 ways either employee or director. Way i see i am both for my LTD. Will probably state that i am Co director but working as a professional.

[BolshieBastard]

Where did I say an employment contract proves you are a company director?

You didnt. I mentioned it as an example.

If you read what I post, a search on companies house proves you are a company director.....

We are in a position where we can have one or a number of employment titles, ie self employed, co director, business analyst etc. You clearly fail to recognise when you have a contract to work with a client, it doesnt say your 'job title' etc is co director, its says BA etc.

With regards to the bit in bold, is that not what I am reccomending anyway?

Get your head out of your arse. Do you really think the insurance co is going to look past your actual employment status if that gives them the amunition they require to not pay out?

Which is why I said contact the ins co.

Does your Ltd employ you as a programmer? No.
Are you a director of your Ltd Co? Yes.

Actually co director is a position. My co employs me as a test analyst!

I suggest you've got bad breath because you're talking out of your arse.

[css_jay99]

Employment Status makes no difference to Churchill/Directline/RBS quotes.

When you buy online they put your terms down as SD&P + business commuting. Nothing on their online process gives you a business... option


I was insured with DirectLine for 4 years thinking i was only SD&P but it turned out i have business commuting as well


css_jay99