It is correct that Qdos do not offer Director & Officers insurance as part of our suite of policies. We recognise that certain competitors do provide this product, but it is not a policy most contractors consider, and is very rarely required by end clients in the same way as PI or ELPL.
Whilst we offer insurance of a non-advised basis, it is broadly fair to say that D&O insurance is designed for businesses operating with a more traditional corporate structure – i.e. Directors taking responsibility for wider business operations rather than providing personal services as a contractor. A D&O policy will broadly cover the directors for liabilities in connection with performance of their duties as directors of the insured business. On this basis, the cover is generally of very little relevance to ‘one-man-band’ contractors. Whilst some providers will include the policy in order to cater to non-contractor clients, or as a contrived ‘additional benefit’ within a package of insurance, we do not feel D&O is a suitable product for our contractor client base.
OP, if you could provide an example or examples of the specific type of liabilities you are looking to insure against, we may be able to advise further
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Reply to: Directors liability
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "Directors liability"
Collapse
-
Originally posted by BrilloPad View Post
Leave a comment:
-
Originally posted by BrilloPad View Post
While moving my PI to QDOS, I specifically asked QDOS whether they did director's liability insurance as well, since otherwise I had to keep my other insurance policy - i.e. Business combined (Public liability insurance, legal expenses and the Director's liability insurance with my existing provider - i.e. COH), and to that QDOS said they don't do director's liability insurance.
Hence I did not move my public liability insurance, etc. policy to them since COH covered it. (I only moved PI to QDOS)
Will need to check with QDOS again in the light of this new information.
If they had said yes then, I would have moved my public liability / business insurance to them as well They missed a business opportunity there! (in spite of me asking them specifically for this)
Leave a comment:
-
Ah thanks! Isn't mentioned at all until you look into those policy wording docs!
Leave a comment:
-
Leave a comment:
-
Directors liability
Hi all,
I can't seem to see directors liability insurance on qdos website - do they do it?
Trying to compare prices is proving trickier than I expected with bundled packages from some providers!
Ta!Tags: None
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: