IT Security Consultant-Need Urgent help to determine applicability of below clause

[shahkhan]

The Service Provider shall maintain, during the Agreement, adequate employers’ liability insurance, public liability insurance and professional
indemnity insurance. The Service Provider shall provide evidence of cover upon request.

Now my situation is that I am providing IT Security Consultancy Services through my Limited company. I am the only person in my company apart from wife who does a bit clerical work for me.

Do I need to buy employer Liability and public liability or just PI would be suffice? Thanks for help....

[pmeswani]

The Service Provider shall maintain, during the Agreement, adequate employers’ liability insurance, public liability insurance and professional
indemnity insurance. The Service Provider shall provide evidence of cover upon request.

Now my situation is that I am providing IT Security Consultancy Services through my Limited company. I am the only person in my company apart from wife who does a bit clerical work for me.

Do I need to buy employer Liability and public liability or just PI would be suffice? Thanks for help....

This has been discussed a few times before, but as you are unable to perform a basic search, let me give you a brief answer.

Technically you don't need it, as you are a one man band, so it's up to you to negotiate that the clause is removed from the contract. However, if the agent / supplier refuses to remove that clause, I would suggest making a decision on whether you want the contract or not. A couple of my contracts stated that I needed EL, PI and PL insurance, to save me the time and argument, I got all 3, even though I only needed one.

[mudskipper]

In this case, none is adequate.

[Pondlife]

I think the important part of the OP is prof indemnity insurance.

This is the only part of it the client may reasonably insist on seeing, although the chances of them claiming against it are minimal unless you're doing something really business critical in isolation and signing the work off yourself.

Unless the client wants to visit your company's address, public liability is not really required. Although, it may be some technically legal requirement but so is having a sign with the name of your company displayed at its registered address. this may no longer be the case.

That said, the cost of PL and EL are negligable if you get them bundled with Prof Indemnity Ins

HTH

[SimonMac]

For the sake of £250 would you want to risk a contract? I bit the bullet and bought the basic from QDOS (which to be honest due to the wording is next to worthless) but it satisfied the client.

[swamp]

Tell them you'll sort it out in the week. They'll soon forget.