I have read many different threads here and elsewhere about insurance requirements for a single director limited company......as far as I can tell from reading DTI and Business Link........
1) Public Liability Insurance is only required by certain business and not required by law for contractors
2) Since February 2005, limited companies with only one employee, where that employee also owns 50 per cent or more of the issued share capital in the company, have also been exempt from compulsory EL insurance.
3) Professional Indemnity Insurance not compulsory
That the case?
Not that I dont want some peace of mind its just that I want to be clear of the legal requirements
1) Public Liability Insurance is only required by certain business and not required by law for contractors
2) Since February 2005, limited companies with only one employee, where that employee also owns 50 per cent or more of the issued share capital in the company, have also been exempt from compulsory EL insurance.
3) Professional Indemnity Insurance not compulsory
That the case?
Not that I dont want some peace of mind its just that I want to be clear of the legal requirements
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