Reply to: Client saying insurance is "Compulsary"

[David71]

Do you recall what the quote was? I could contact them myself but I'm lazy

You made me wonder...so I checked the certificates.

Per year
Professional indemnity: £1,000,000 = £275.22
Public and products liability: £10,000,000 = £367.44

Thought I had 10mil for each but guess PI wasn't so high for the framework - I know when I applied I did the minimum required insurance....

FYI: If you ever have the pleasure of using a framework administered by Bloom Procurement Services (does Welsh Gov amongst others) be prepared to phone their accounts department EVERY month to sort out their mistakes.

[ladymuck]

To get on the framework the Welsh Gov uses I had to get £10m of public liability and professional indemnity; premium with Hiscox went up a chunk - but not too much.

Paid off though....got the contract I was after :-)

Do you recall what the quote was? I could contact them myself but I'm lazy

[Andy Hallett]

Have you tried these guys, think you can toggle cover on and off

Insurance for Contractors | Dinghy

[David71]

To get on the framework the Welsh Gov uses I had to get £10m of public liability and professional indemnity; premium with Hiscox went up a chunk - but not too much.

Paid off though....got the contract I was after :-)

[JoJoGabor]

To the OP. Get the insurance. QDOS allow you to get it monthly (I cancelled mine recently half way through the year) but bear in mind how long it might take a client to make a claim against you. It may be 2 or 3 months after the contract has finished that they realise your code has just broken all their main business systems and decide to claim against you, so you will need to have the insurance in place at the time of the claim

[JoJoGabor]

I'm thinking of getting some building work done soon.

Recently in my neighbourhood, someone had some building work done which resulted in a section of the house collapsing. Customer's home insurance didn't cover negligent workmanship. Builder didn't have insurance. Customer chased builder to cover cost, builder folded company.

I'll be insisting my builder has proper insurance in place.

I went through a load of grief asking a builder to show me their insurance before they started knocking walls out. They grumbled and dragged their heals, sent me wrong paperwork etc but they did have it. So glad I did insist after hearing this story.

[pauldee]

I'm thinking of getting some building work done soon.

Recently in my neighbourhood, someone had some building work done which resulted in a section of the house collapsing. Customer's home insurance didn't cover negligent workmanship. Builder didn't have insurance. Customer chased builder to cover cost, builder folded company.

I'll be insisting my builder has proper insurance in place.

[ladymuck]

When an airport closes due to your screw up things could get very expensive, very very quickly...

Those toilets don't unblock themselves

[PerfectStorm]

While at client site, a permie trips over your rucksack and badly breaks their leg. Client sues you for their loss - his salary for three months, plus the cost of replacement.

Public liability is a no-brainer. You need it.

Or you spill your coffee on someone...

[eek]

£10m, what are you, a film star LOL. Never had anyone ask for more than £1m. I have had PI cover for the last 20 years. £1200 sounds high for £5m. Maybe give Qdos a try?

When an airport closes due to your screw up things could get very expensive, very very quickly...

[rossb2]

Current client is planning to change to £10m professional indemnity for each and every claim. A quote for £5m comes in at £1200. Getting £10m will require a specialist broker, I suspect.

£10m, what are you, a film star LOL. Never had anyone ask for more than £1m. I have had PI cover for the last 20 years. £1200 sounds high for £5m. Maybe give Qdos a try?

[Paralytic]

And tell your client to learn how to spell too.

[NotAllThere]

While at client site, a permie trips over your rucksack and badly breaks their leg. Client sues you for their loss - his salary for three months, plus the cost of replacement.

Public liability is a no-brainer. You need it.

[ladymuck]

Current client is planning to change to £10m professional indemnity for each and every claim. A quote for £5m comes in at £1200. Getting £10m will require a specialist broker, I suspect.

[PerfectStorm]

It is a bit much

I've paid for one to use on every contract I've done

For 2 weeks... you may want to get the certificate, ring up and cancel! Don't put it through your expenses unless you're PC ;-)

Sods law though... I wouldn't

That said - I usually get a few clients worth out of a year of insurances so I don't really see it as something I do for one person - after the 2 weeks are up, you'll need it for gig 2, gig 3, gig 4 etc - they all ask for it and even if they didn't (not had one yet who hasn't) then it still doesn't harm you.