I've never seen it either.
To be honest I'd not worry about it anyway.
They can't enforce yourCO to have it after the contract is terminated.
If you carry on contracting you'll have it anyway.
If you don't carry on you'll close your company so any liability closes with the company.
You can tell them you'll not agree to it and see how hard they push. I suspect you'd not want to lose the work for the sake of a clause that'll almost certainly ever be used.
- 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 "PI and PL insurance covering 6 years following 6 months contract end"
Collapse
-
PI and PL insurance covering 6 years following 6 months contract end
Hi All,
I am in process of signing up a new 6 months contract. There is a clause asking for 6 years PI and PL insurance cover post contract end date. This is to cover any damages against data protection, IRP breach or confidentiality breach.
I have not seen such a long term cover requirement following end of a contract engagement. I would expect it to be to cover the period of engagement or maybe 6 months post termination of the contract.
Is this something common? I have been told its industry standard practice, however I have not seen this in my plus years of contracting.
Is there any service that offers reviews of contracts? (other than IR35 reviews)
Any feedback will be appreciated.
PL= Public liability Insurance
PI = Professional Indemnity Insurance
Regards
- 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: