P.I Insurance

[malvolio]

Yes - the £200 is for a one-man-band in a fairly normal sort of contract. Adding staff increases the business risk, so the fees go up. The package also inclues PEI and ELI, the latter will obviously increase as you add people, even if the business risk doesn't change.

Pull the application form off the PCG website, ISTR there's a scale of charges in there.

[BillHicksRIP]

Looking at the Randell Dorling quote form, it has 2 questions, "Do subcontractors carry out any work on your behalf?" and "Is professional indemnity required for such subcontractors? If yes, please provide details, including number of persons and such subcontractor income that is part of your 'Last Years Annual Turnover'. "

Does the answer of yes or no have any bearing on the right of substitution clause in an IR35-friendly contract?

[BillHicksRIP]

Anyone got any comments about this?

[malvolio]

Anyone got any comments about this?

No it doesn't. If you are subbing your work, you are clearly able to send substitute workers so you are clearly not providing personal service so you cannot be liable for IR35.

[Pondlife]

I think the question was intended as - If don't have PI to cover sub-contractors how can you still claim the right of substitution?

[BoredBloke]

I have just got a contract where it states

"shall in respect of the period of the Assignment keep themselves insured:
(a) for professional indemnity claims, the sum of five million pounds (£5,000,000) per anum in aggregate, and
(b) for any other claim, the sum of five million pounds (£5,000,000) in respect of any one occurance or series of occurances arising out of any one event or series of connected events."

[Pondlife]

I have just got a contract where it states

"shall in respect of the period of the Assignment keep themselves insured:
(a) for professional indemnity claims, the sum of five million pounds (£5,000,000) per anum in aggregate, and
(b) for any other claim, the sum of five million pounds (£5,000,000) in respect of any one occurance or series of occurances arising out of any one event or series of connected events."

WTF do you do?

[BoredBloke]

It's for a crappy 200 per day contract!

I fart about with Excel and Access. I'm not taking out £5million of PI insurance. Imagine the cost of that. I checked one place and the cost of 2million was £750. I'm not stumping up £750+ for something which I will never use

[Pondlife]

I take it that this is a direct contract and not through an agent?

[BoredBloke]

Nope through an agent!