Parasol up for sale according to Rob Crossland

[pmeswani]

Banks give you £50k protection on your accounts, though. Umbrellas don't.

I know they do, but I wonder if this has been tested? I know when the Icelandic Bank went under (IceSave?), the Government had to pay the compensation. I wonder if the parent company or the Icelandic Government had paid up? Whilst this is the exception rather than the rule, I would be happy to be put in my place if there is some demonstrated evidence that banks that have gone bust have actually paid out the 50k protection.

[TheFaQQer]

I know they do, but I wonder if this has been tested?

Your next sentence shows that this has been tested.

I know when the Icelandic Bank went under (IceSave?), the Government had to pay the compensation. I wonder if the parent company or the Icelandic Government had paid up?

That's the whole point - it's a government guarantee that you will get the money. The UK government was (still is?) pursuing that money from the Icelandic government.

Comparing an umbrella company to keeping your money in a bank, which by law has a government guarantee that you won't lose your money unless you have over £50000 in the bank is a ridiculous comparison.

[The Spartan]

This has slowly turned into another LTD v Brollie debate again, can't we all just get along lol. On another note to those of you that do run your own LTD's have you ever had a business partner onboard or do you all work as need I say it one man bands. I got talking to another contractor here and him and his best mate run the company together and split everything equally. He was also telling me when he couldn't make a gig for a couple of days due to illness he sent his business partner in his place fulfilling the substitution clause in the contract.

[pmeswani]

This has slowly turned into another LTD v Brollie debate again, can't we all just get along lol. On another note to those of you that do run your own LTD's have you ever had a business partner onboard or do you all work as need I say it one man bands. I got talking to another contractor here and him and his best mate run the company together and split everything equally. He was also telling me when he couldn't make a gig for a couple of days due to illness he sent his business partner in his place fulfilling the substitution clause in the contract.

I run a one-man band. I personally couldn't trust anyone to be a business partner. That may change if I came across a Dragon Den investor, but that would require me to have a business idea that would be unique. :-).

[Scrag Meister]

Bought a nice sturdy brolly in a little shop near Kings Cross for £15, how much is this Parasol going for?

[pmeswani]

Bought a nice sturdy brolly in a little shop near Kings Cross for £15, how much is this Parasol going for?

I could have bought a nice sturdy brolly for 3 quid. You've been ripped off.

[LisaContractorUmbrella]

PCG plus will provide some cover for an agency failing. They don't do the same thing for umbrellas, though.

That's discrimination that is

[TheFaQQer]

That's discrimination that is

I think they work on the principle that a professional contractor wouldn't be using an umbrella

[malvolio]

I think they work on the principle that a professional contractor wouldn't be using an umbrella

Or that nearly 99% of their members don't...

[LisaContractorUmbrella]

I think they work on the principle that a professional contractor wouldn't be using an umbrella

Nope definitely blatant discrimination (I pay to be an associate member you know!!) It's brollyism, that's what it is - I should sue