Reply to: Insurance Again?

[malvolio]

Yep. My basic deal is £100k all to myself, upto £1m, shared risk, reduced proportionately if they get more than one concurrent claim.

But since no UK contractor ever been chased for money under a PI cliam it's probably not too much of a risk...

[Zorba]

Malvolio - is the £1M from the PCG shared part?

[Ardesco]

Mine was cheaper than that, are you sure that price includes a PCG discount?

[cartlidgea]

£1m

Contacted Randall Dorling today extremely unhelpful stated they couldnt just supply me with a quote had to do it on their website. After having to enter in every piece of information about my life from birth to death rather then just putting the figures in I got a quote of £380 for £1M PI, PL and EL through PCG. Nothing special in the quote to make it higher no extra employees or cover etc

I presume yours is cheaper Malvolio because you have used them for so long or is it because you look like Brad Pitt and Drive a Ferrari?

[malvolio]

£1m

[Bootlaces]

malvolio, just wondering, what level of PI have you got?

bootlaces

[cartlidgea]

Will give them a buzz tomorrow cheers mate

[malvolio]

Malvolio are you 100% sure that if I buy the PCG membership I will definitely be able to get the other insurance for this price I need 1 million cover for each and turnover is 40k

Thanks Mate

That's what I pay, after 5 renewals. You won't be far away, bearing in mind my turnover is about four times yours. Why not ask Randall Dorling - they will give you an accurate quote.

[cartlidgea]

PI/PLI/ELI for £210 + membership for £120 + PEI for £0 = £330

PI/PLI/ELI for £317 + £99 for PEI = £407

Which is cheaper. do you think?

As for the other question, it's been answered a hundred times. Go look it up.

Malvolio are you 100% sure that if I buy the PCG membership I will definitely be able to get the other insurance for this price I need 1 million cover for each and turnover is 40k

Thanks Mate

[Ivor1]

[Lewis]

And how much more than £0 does that cost?


Face it, the financial argument doesn't hold up. There must be another reason you are rejecting the PCG option.

Here we go again ...

QDOS offer insurance, that to the best of my knowledge, covers the same as the insurance offered by PCG. It costs £99. [Edit - I am comparing just the IR35/S660/Investogations stuff, you get more with PCG e.g. jury duty insurance - the problem is that QDOS and PCG offerings are not directly comparable]

QDOS also offer extra (tax loss) insurances that PCG does not offer and they cost more than £99. Look on their website if you want to see the prices.

I chose QDOS because I wanted tax loss insurance which is not offered by PCG. Your think it is worthless whereas I like the peace of mind so we will have to agree to disagree. We are free to make our own choices.

[malvolio]

And how much more than £0 does that cost?


Face it, the financial argument doesn't hold up. There must be another reason you are rejecting the PCG option.

[Lewis]

Incidentally, I take it everyone is aware that the PCG PEI coverage is not just for IR35 but any aspect inquiry? Does QDOS's IR35 cover an S660a investigation for example?

Yes it does. You can go further and take out their TLC660A policy which in addition covers for all S660 tax loss, penalties and interest as well. I should ask QDOS for commission I think

[malvolio]

I doubt it. I suggest they are asking exactly the right question - if you are a PCG member, you don't need our PEI insurance.

Incidentally, I take it everyone is aware that the PCG PEI coverage is not just for IR35 but any aspect inquiry? Does QDOS's IR35 cover an S660a investigation for example?

[Zorba]

Malvolio - do you know if Randell Dorling are smart enough to not quote for PEI if you get it for free with PCG membership? Their online form asks whether you are a member already, but then offers PEI. It would be a shame if there are people (even PCG members) out there paying for it twice.

Also of note is the shared £1M limit for the £100K equivalent premium - how does that work?