When getting car insurance quotes.. I'm actually an Employee

[richy]

Hi all

I found out from DirectGov just now that actually as I'm ltd co director, and PAYE employee I count as an Office Holder, and Employee.

(I don't have an employment contract though).

So on my insurance quotes I shoulkd put Employee (gocompare.com etc) rather than Self-Employed!

Anyone else been caught out by this?
Richy

[Jessica@WhiteFieldTax]

I think you could put either, but employed is legally correct.

Some insurance companies penalise "company director" as a occupation, presumably on historic risk factors. Maybe those who describe themselves as "company director" are the same as turf accountants, musicians, DJs and assorted other shadowy trades who tend to prang cars more regularly!

[richy]

I think you could put either, but employed is legally correct.

Some insurance companies penalise "company director" as a occupation, presumably on historic risk factors. Maybe those who describe themselves as "company director" are the same as turf accountants, musicians, DJs and assorted other shadowy trades who tend to prang cars more regularly!

So maybe I've made a mistake, as I put down Employed - Software Engineer (omiting my company director status..). Are there any official guides stating what to write?

[Jessica@WhiteFieldTax]

No, I wouldn't worry at all. There's nothing incorrect in what you said, the point I was making was about people who choose to state their occupation as "company director" - it seems to be assumed they are more reckless - "Company directors swagger"

J

[NotAllThere]

I always put down "employed, IT consultant". Eyebrows were sometimes raised when the employer address was the same as mine, and sometimes I'd have to explain that while I own the company, I'm not legally self-employed.

[psychocandy]

I think you could put either, but employed is legally correct.

Some insurance companies penalise "company director" as a occupation, presumably on historic risk factors. Maybe those who describe themselves as "company director" are the same as turf accountants, musicians, DJs and assorted other shadowy trades who tend to prang cars more regularly!

Have a look on moneydiet.co.uk. Theres a job title comparison thing on there - company director comes out slightly cheaper than computer consultant for me at least.

[Jessica@WhiteFieldTax]

Have a look on moneydiet.co.uk. Theres a job title comparison thing on there - company director comes out slightly cheaper than computer consultant for me at least.

I was going off a old bit of useless head knowledge. I'll crawl back under my stone.

[kingcook]

I select "Director", and choose my occupation as Managing Director.

[northernladuk]

And I presume you are not forgetting to add the business travel option? As you are travelling from your permanent place of work to your client you are doing business miles so the standard commute option is not enough.. Business level 1 or something is it called?

[SueEllen]

And I presume you are not forgetting to add the business travel option? As you are travelling from your permanent place of work to your client you are doing business miles so the standard commute option is not enough.. Business level 1 or something is it called?

Some of them now:
1. Call it something completely random to confuse you, or,
2. Include it automatically

(I was doing quotes this morning.)