Reply to: Pcg

[malvolio]

Do the sums properly. Cost each element you will need to match PCG membership + PI/PLI/ELI to the same level coverage for the same turnover.

PCG is around 10% less.

QED...

[DaveP]

cheers mal but......

I thought PCG was £120 pa & contractor alliance was £25 + vat pa

??

cheers

[malvolio]

Google is your friend....

You don't need both. PCG is cheaper.

[DaveP]

So It all seems pretty good, has anybody got a link to this 15% discount.

might join contractor alliance as well any thoughts ?

Cheers

[malvolio]

I've just looked through my contract and there are no figures mentioned, it just states that "the supplier shall ensure the provision of adequate Employer's Liability Insurance, Public Liability Insurance and any other suitable policies."

Seems like I can choose a value and go for it ?

So just to be clear in my head, the £178 I have been quoted is for PI/PL and EL ? Is that correct ?

I don't know, I haven't seen the schedule. But if it's the normal RD policy, then yes.

[FiveTimes]

The £100k is guaranteed to be available, the shared pool isn't. You could take a different value to £100k if you wish, and that would affect the premium. You've got different parameters to me and a lower turnover, so I would expect a lower quote. Looks about in line with mine though.

What cover you actually need is determined by your contract, of course.

I've just looked through my contract and there are no figures mentioned, it just states that "the supplier shall ensure the provision of adequate Employer's Liability Insurance, Public Liability Insurance and any other suitable policies."

Seems like I can choose a value and go for it ?

So just to be clear in my head, the £178 I have been quoted is for PI/PL and EL ? Is that correct ?

[malvolio]

Malvolio, as you appear to be the fountain of all knowledge regarding PCG insurance etc can you give me a little guidance
I am getting a quote from randelldoring and the "Aggregate Professional Indemnity limit required inclusive of costs and expenses" - is this the shared pool of 1/2mil, and you can select a value of 100K ? Also regarding the PI and PL if you don't specifiy a value does it default to 2m and 1m ?

I am getting a quote of £178 for turnover of 100K ? How does that sound ?

The £100k is guaranteed to be available, the shared pool isn't. You could take a different value to £100k if you wish, and that would affect the premium. You've got different parameters to me and a lower turnover, so I would expect a lower quote. Looks about in line with mine though.

What cover you actually need is determined by your contract, of course.

[FiveTimes]

Probably. Many of the affiliates offer similar deals. £18 off standard membership for the first year: you can see the Porsche on the drive already...

Malvolio, as you appear to be the fountain of all knowledge regarding PCG insurance etc can you give me a little guidance
I am getting a quote from randelldoring and the "Aggregate Professional Indemnity limit required inclusive of costs and expenses" - is this the shared pool of 1/2mil, and you can select a value of 100K ? Also regarding the PI and PL if you don't specifiy a value does it default to 2m and 1m ?

I am getting a quote of £178 for turnover of 100K ? How does that sound ?

[TheFaQQer]

Was that the 15% discount ?

Yep - but since I wasn't expecting to find one, it's better than nothing!

[malvolio]

Probably. Many of the affiliates offer similar deals. £18 off standard membership for the first year: you can see the Porsche on the drive already...

[FiveTimes]

I joined yesterday, for the insurance, forums and contract templates. I even managed to find a discount code on Google, to make it even better value for money!

Was that the 15% discount ?

[TheFaQQer]

I joined yesterday, for the insurance, forums and contract templates. I even managed to find a discount code on Google, to make it even better value for money!

[Lockhouse]

I'm a PCG Member - the forums for me are worth the membership fee alone. In fact it's so brilliant I don't understand why everyone isn't a member, even those people who aren't contractors. I got my wife and kids to join, plus my gran as well.

[malvolio]

Sorry? Are you looking at the right website?

Centre of the front page, it says

At the heart of the freelance community, PCG represents and gives a voice to all those who choose to work for themselves. From just £120 (plus VAT) a year, membership provides:

• Tax investigation insurance
• Draft contracts vetted by experts
• Expert guides to IR35 and S660A tax issues
• Tax and legal helplines
• A range of other benefits and networking opportunities
• Representation of freelance consultants and contractors to government, professional bodies, agencies and clients

[christhedon]

Are they still offering IR35 insurance (lawyers fees I think it was) - looks like they took it off their website. Do the old members still get it?