IT Agency Contract - Professional Imdemnity

[Taita]

You're quite right Andy

All I can say then is to ask the agency to remove it or get B&C to ask them.

It is commercially unreasonable to hold a party liable beyond the limits of the asked for insurance. PI may not cover everything the agency requires but they could ask for additional insurance to cover other perceived risks.

A good contract is an equitable one.

In practice, if the contractor's company has inadequate cover in the event of solid grounds for a claim there is little further for the claimant to go. The contractor's company folds and life goes on. It would have to be an actual crime or an especially unusual set of circumstances to give rise to a further claim against the contractor as a director of his company.

[aoxomoxoa]

A good contract is an equitable one.

Except when it comes to certain IR35 related matters such as notice periods.

[Wanderer]

they want my limited company to take on unlimited liability. Surely they can't be serious?

It doesn't really matter because your financial liability is limited to the value of shares in the company that you own and typically this is < £100. If anything goes wrong you can just fold the company and they can't touch you....

[DirtyDog]

Except when it comes to certain IR35 related matters such as notice periods.

You do know that equitable and equal aren't the same word, don't you?

Are you suggesting that you don't want a fair and impartial (equitable) contract with respect to IR35 issues?

[Taita]

You do know that equitable and equal aren't the same word, don't you?

Are you suggesting that you don't want a fair and impartial (equitable) contract with respect to IR35 issues?

Thank you DirtyDog.

[aoxomoxoa]

You do know that equitable and equal aren't the same word, don't you?

Are you suggesting that you don't want a fair and impartial (equitable) contract with respect to IR35 issues?

It's a fair cop guv, I should've read the post more carefully.