Professional Indemnity and PA

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BolshieBastard replied

15 January 2009, 20:22
Originally posted by Gonzo View Post

Although the contract might stipulate it.

All the ones that I have done have required £1M PI to be in place.

Yes, if its a requirement of the contract then you have to have it. In my experience, they will normally state a minimum cover of £x million is required and they want you to send in a copy of your certificate.
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Gonzo replied

15 January 2009, 18:17
Originally posted by Bill View Post

just a side question but does anyone actually have employers liability insurance???
I don't have at the moment, but i don't start my contract until next wednesday. To be honest if I don't have to I won't.

It used to be compulsary to have it but this requirement was waived a year or so ago for one-person limited companies where the one person owns at least 50% of the shares IIRC.

Having said that, the cost is not normally very high so I kept renewing it.
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TheFaQQer replied

15 January 2009, 16:46
Originally posted by Bill View Post

just a side question but does anyone actually have employers liability insurance???
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Bill replied

15 January 2009, 11:21
just a side question but does anyone actually have employers liability insurance???
I don't have at the moment, but i don't start my contract until next wednesday. To be honest if I don't have to I won't.
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TheFaQQer replied

15 January 2009, 09:30
PCG insurance through Randall Dorling.
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BrilloPad replied

15 January 2009, 07:27
Quite a good thread here :-

http://forums.contractoruk.com/busin...insurance.html

I reckon qdos are cheapest
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Gonzo replied

15 January 2009, 06:26
Originally posted by BolshieBastard View Post

Upto £5m is more than enough.

In reality, you dont need PI or PA although some reckon its a pointer for outside IR35 (as if!) and does give peace of mind.

Although the contract might stipulate it.

All the ones that I have done have required £1M PI to be in place.
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BolshieBastard replied

14 January 2009, 19:37
Upto £5m is more than enough.

In reality, you dont need PI or PA although some reckon its a pointer for outside IR35 (as if!) and does give peace of mind.
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TykeMerc replied

14 January 2009, 18:49
The amount of insurance you need is dependant on what sort of business you do, but as to reasonable priced suppliers Farmer has posted two good ones.
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FarmerPalmer replied

14 January 2009, 18:25
I have policies with :

http://www.caunceohara.co.uk/

but just moved my PI to :

http://www.qdosconsulting.com/
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naveensoni started a topic Professional Indemnity and PA

14 January 2009, 16:10
Professional Indemnity and PA

Hi All,

I am doing contracting through my own limited company, how much PI and PA insurance should i go for? also suggest where i can get cheap insurance?

-Thanks
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