Reply to: Qdos Freelancer Professional Indemnity Insurance

[Waldorf]

Good afternoon

since I'm the only employee of my Ltd company, do I need to get EL? I guess I don't, but a (nice) confirmation from one of you would be good

Cheers
C

I think that provided you own at least 50% of the shares and you do not have any employees, then Employers liability insurance is not required, however most package it up with the other insurance, Qdos do, who I use.

[carlosLondon]

Sigh....

Someone's not been reading the guides.


WHS. If you'e an employee of YourCo, you have to pay attention to things like NMW, opting out of the WTD and having EL insurance. Thankfully, as a director, none of the above which is why we usually stick at being directors. You don't even have to pay yourself. But this is something you really ought to know; being a director does have legal responsibilities.

Thanks for your help

I will re-read the guides

Cheers
C

[malvolio]

oh, and what's that about Directors being offices not employees?

Cheers
C

Sigh....

Someone's not been reading the guides.


WHS. If you'e an employee of YourCo, you have to pay attention to things like NMW, opting out of the WTD and having EL insurance. Thankfully, as a director, none of the above which is why we usually stick at being directors. You don't even have to pay yourself. But this is something you really ought to know; being a director does have legal responsibilities.

[TheFaQQer]

oh, and what's that about Directors being offices not employees?

Cheers
C

A director is an officer of the company. They may also be employees, but are not necessarily an employee as well as an officer.

[carlosLondon]

you don't, unless you need to hire a subbie though your own company. But since it costs peanuts and is usually bundled in ...

BTW you're almost certainly not an employee anyway. Directors are offfices, not employees.

oh, and what's that about Directors being offices not employees?

Cheers
C

[carlosLondon]

you don't, unless you need to hire a subbie though your own company. But since it costs peanuts and is usually bundled in ...

BTW you're almost certainly not an employee anyway. Directors are offfices, not employees.

an extra £50 with qdos...so I guess I'll just need PI and PL. won't be hiring anyone so that's alright :-)

thanks!

[malvolio]

Good afternoon

since I'm the only employee of my Ltd company, do I need to get EL? I guess I don't, but a (nice) confirmation from one of you would be good

Cheers
C

you don't, unless you need to hire a subbie though your own company. But since it costs peanuts and is usually bundled in ...

BTW you're almost certainly not an employee anyway. Directors are offfices, not employees.

[carlosLondon]

PI, EL & PL

Good afternoon

since I'm the only employee of my Ltd company, do I need to get EL? I guess I don't, but a (nice) confirmation from one of you would be good

Cheers
C

[psychocandy]

QDOS are good. Beware there are some out there who charge loads more.

[Fred Bloggs]

I'm in process engineering, QDOS refused to quote.

[cojak]

Me too.

[kaiser78]

I don't. But then again, I do not work with high risk systems. The agency prefers me to take an insurance, but its not mandatory, so am just saving some money. Not a lot, may be couple of hours worth, but then again, if you don't need it, don't buy it.

Same here, so QDOS will be fine.

[rd409]

I think we all have...

I don't. But then again, I do not work with high risk systems. The agency prefers me to take an insurance, but its not mandatory, so am just saving some money. Not a lot, may be couple of hours worth, but then again, if you don't need it, don't buy it.

[malvolio]

Ermm...

I haven't.

Costs of insurance are all about risk assessments. Perhaps you should compare QDOS and, say, Hiscox policies and work out what the differences are. May well be that QDOS is all you need, but it's as well to be certain.

[boxingbantz]

I think we all have...

Good enough for me.