Reply to: Professional Indemnity Insurance

[Sausage Surprise]

The client as I have a very clear contract of employment.

Contract for employment shirley.

[TheFaQQer]

Do you just want somebody to post that you don't need insurance?

What a stupid thread.

I'll have to remember this one when we do the "thread of the year" awards

[TheFaQQer]

The client as I have a very clear contract of employment.

Assuming you are a contractor (which you might be, if you are working through your own limited company), then you should start by reading some of the basics guides here, on the IPSE website and on other contractor-related sites.

If you aren't a contractor (ie. you have a contract of employment with the client as this post says) then you don't need insurance because your employer will cover you. You might also question whether this is the right forum to be asking questions if you are an employee and not a contractor.

Finally, if you don't feel you need insurance then don't get it. It's a decision for you alone to take. But if anything does go wrong and you need the insurance, then don't complain that you needed it and didn't know.

[DiscoStu]

Do you just want somebody to post that you don't need insurance?

What a stupid thread.

WSS

Jesus wept, this one's a special kind of stupid.

I tried

[Pondlife]

I re-read the thread, seems to be just a rehash of Monty Python's Argument Sketch so I'm outta here....

WSS

Jesus wept, this one's a special kind of stupid.

[Gaz_M]

The client as I have a very clear contract of employment.

Do you just want somebody to post that you don't need insurance?

What a stupid thread.

[stek]

I re-read the thread, seems to be just a rehash of Monty Python's Argument Sketch so I'm outta here....

[stek]

The client as I have a very clear contract of employment.

So you're not a contractor?

[Bill84]

The client as I have a very clear contract of employment.

[stek]

Ok, but if I screw up, whats going to happen is that I am going to be sacked. Thats all.

Who's going to sack you? Your Ltd?

Fine, do that, in the meantime the client is suing your Ltd for damages and oh, there's no insurance, so they go after the Directors which is you.

[DiscoStu]

Ok, but if I screw up, whats going to happen is that I am going to be sacked. Thats all.

So don't buy insurance if you're confident you won't need it.

[malvolio]

Ok, i dont have a laptop, i dont drink coffee and I dont bring a bag to work. So, could somebody let me know why would I need professional indemnity insurance, thanks.

Always assuming it's because it's not a condition of your contract, perhaps find out what it covers first, then it may become clear. What you're talking about is PLI, not PI.

If you write some code that accidentally destroys the index structure of a live database and your client has to spend a million quid recovering the data and the lost income it represents and then sue you for damages, how do you intend paying for the court case and subsequent damages? That's PI.

PLI is a fraction the cost, and ELI - which you will need if you exercise your ROS - is about fourpence. FFS, for most IT people the whole package is a day's income. Just do it.

[Bill84]

Ok, but if I screw up, whats going to happen is that I am going to be sacked. Thats all.

[DiscoStu]

Ok, i dont have a laptop, i dont drink coffee and I dont bring a bag to work. So, could somebody let me know why would I need professional indemnity insurance, thanks.

In case you screw up, it costs your client money and they decide to recover the cost from you.

[Bill84]

Ok, i dont have a laptop, i dont drink coffee and I dont bring a bag to work. So, could somebody let me know why would I need professional indemnity insurance, thanks.