Originally posted by northernladuk
View Post
- 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: IT Contracting Essentials?
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 "IT Contracting Essentials?"
Collapse
-
-
Originally posted by Contramatuer View PostThrough obtaining some quotes online, I have found out that the role or category that a contractor finds him/herself in (such as Programming, IT Consultancy, Web Design and Software design etc) doesn't affect the price at all and the role doesn't matter? Is this something you'd agree with?
It's your role type plus a mixture of the industry/industries you provide services to and/or whether you work on live systems that impacts your insurance price.
Leave a comment:
-
My contract requires PI, and I've got PL from QDOS as well. Cheap and helpful also in regards to IR35 investigations (financial risk).
I didn't take EL as I'm the only employee and 100% shareholder of my LTD, and QDOS advices that:
"Employers' Liability Insurance is compulsory for any business that has one or more employees whether they are permanent, part time or temporary. The only exception to this is if you are a ‘Ltd’ Company, you are the only employee and you own at least 50% of the issued share capital of the company."
Leave a comment:
-
To the OP...
The search function is explained here..
http://forums.contractoruk.com/welco...uk-forums.html
Use that method to search for any keyword related to your question and you will get 100's of threads on this topic.
Leave a comment:
-
Originally posted by BigRed View PostIt all depends on the role really, plus what the agency specifies and what you think you require. In practice, I don't recall a customer ever specifying a requirement, most of the agencies have had something written into the contract but have never asked for proof, not even the ones that chase down every reference, require a photocopy of all pages of my passport, and want to see my Degree certificate from 30 years ago.
Leave a comment:
-
Originally posted by BigRed View PostIt all depends on the role really, plus what the agency specifies and what you think you require. In practice, I don't recall a customer ever specifying a requirement, most of the agencies have had something written into the contract but have never asked for proof, not even the ones that chase down every reference, require a photocopy of all pages of my passport, and want to see my Degree certificate from 30 years ago.
Leave a comment:
-
It all depends on the role really, plus what the agency specifies and what you think you require. In practice, I don't recall a customer ever specifying a requirement, most of the agencies have had something written into the contract but have never asked for proof, not even the ones that chase down every reference, require a photocopy of all pages of my passport, and want to see my Degree certificate from 30 years ago.
Leave a comment:
-
Search is your friend.....see the tag cloud over on the right-hand side, towards the bottom of the page? See the word Insurance in there - guess what?
For some basic answers, PI is usually required - limits vary, but £1m is possibly norm. PL is not so often required, but is pretty cheap (£5m or £10m) and worthwhile IMHO. EL probably less important if only a 1-guy-Ltd, but.....
QDOS is a good place to start looking at products and costs, and PCG+ membership is pretty much a no-brainer
Leave a comment:
-
IT Contracting Essentials?
I'm sure this has been posted before and if so, please reply with a link to a thread that is already on here.
I'm looking into the IT Contractor market and just have a few questions.
1. What are the most common insurance requirements that an IT Contractor needs - Just PI? PI + PL? PI + PL + EL?
Would I be correct in thinking that the cover needed would be £1m PI, £5m PL and £10 EL in most cases?
2. What Insurance Companies offer the best packages and best prices
3. What is considered to be the normal price for IT Contractor insurance?
My first post so forgive me for the bombardments. Thanks!
- 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: