Thanks.
I asked the insurance company but they didn't know what I was talking about. I guess it can't be that common then, or certainly not for contractors / small businesses.
Yes, very limited liability is usually put into all the contracts I can control. I'm not sure how much I can negotiate with this one but going to give it a go.
- 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!
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 "Insurance - client named as additional insured"
Collapse
-
I don't know if it will help but I'm going through a similar process in reverse. I.E my PI insurance provider will not cover me because of the nature of my work, so I went shopping for a new policy. A Lloyds syndicate is my only option.
My client looked into having their corporate policy cover my activities. The result: No. Not possible, the new premium is not realistic for them. Expected really.
So now my invoice to them includes my new overheads.
If you're client wants you to cover them then fine, when they ask why so expensive, you'll have a good answer.
You also might want to negotiate some limited liability in the contract either in £'s or as a % of the contract value.
Leave a comment:
-
Insurance - client named as additional insured
We have a large software vendor as a client and are looking to sign up to a partnership agreement.
Part of this agreements states that as well having standard insurance, that we need to have the vendor named as an additional insured.
Has anyone had to do anything similar? It seems a bit much to me but didn't know if it was standard practice.
ThanksTags: 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: