contractor indemnity/liability insurance

[tobym]

Hi all,

Sorry to slightly hijack this thread (and please feel free to tell me to re-post or point me at a relevant thread if this has been covered before - couldn't find what I was after though)...I'm fairly new to contracting and am wondering what insurance (if any) I need. Since just before Christmas I've been working for a client through an agency. Originally I was using Parasol, but have more recently set up my own limited company. Any tips/links/whatever much appreciated!

Thanks,

Toby

[Pedro99]

Clarified!

Caunce O'Hara DO offer discount on Contractor Alliance but NOT Contractor UK (which I mistakenly quoted to them).

[Pedro99]

Not sure if this has already been covered but as a new boy ....

Noticed that Contractor Alliance claim to offer a 20% discount on PI, BL and Legal on Caunce O'Hara premiums - however the latter denied this to be the case.

Can anyone clarify this?

[TheFaQQer]

Thanks for your advice Mal. PCG insurance comes out at £334.20 compared with £289.52 for the insurer I mentioned.

Let me rephrase my question to help some people understand. For £250k of cover for a consultant with £171 revenue last year, does anyone know of cheaper PI than £289.52 from:
http://www.pi-insurance.net/

For £171 of revenue, it seems expensive!

[yetanotherone]

Thanks for your advice Mal. PCG insurance comes out at £334.20 compared with £289.52 for the insurer I mentioned.

Let me rephrase my question to help some people understand. For £250k of cover for a consultant with £171 revenue last year, does anyone know of cheaper PI than £289.52 from:
http://www.pi-insurance.net/

[thunderlizard]

Caunce O Hara for me. They are more expensive, but I did know of somebody who had to claim through them and he said they were great.

If anybody knows of someone who's successfully claimed through one of the cheaper ones, I'll eat some humble words pie.

[Qdos Contractor]

We provide 'off the shelf' type EL,PL & PI insurances for IT contractors - quotation can be obtained online. See www.qdosconsulting.com/shop.

[MrsGoof]

www.trafalgar.uk.com

[malvolio]

Zilch with Parasol. Indemnity included.

Yep, but you're paying 20% more in taxation and fees... rather more than £200 a year then.

[matey]

Costs me £210 a year via a PCG discount scheme...

Zilch with Parasol. Indemnity included.

[TheFaQQer]

I was just going to add the PCG discount scheme, but it's taken me forever to login!

They use Randell Dorling for theirs, but as Mal says, there is a discount for PCG members.

[malvolio]

Costs me £210 a year via a PCG discount scheme...

[TheFaQQer]

https://www.caunceohara.co.uk/quick_quote.html

About £500 a year for that lot.

[BrilloPad]

I am looking to get cover for :-

1. Professional Indemnity of £1 million.
2. Public Liability of £5 million
3. Employer's Liability of £10 million.

Any recommendation(s)?

Thanks