PEACE OF MIND
Bespoke industry-leading contractor insurance solutions. From tax protection cover to professional indemnity insurance, the policies we offer give peace of mind and protection.
Our Insurance Partners
Industry leading contractor insurance supplier providing business and tax insurances to Ltd Company contractors. Qdos Contractor have been supporting contractors for decades and have a unique voice within the contractor/freelancer industry.
RHINO TRADE INSURANCE
Provider of low-cost, high quality tradesman insurance. Rhino Trade Insurance specialises in supporting blue-collar tradesmen and CIS workers supplying business insurance from Public Liability Insurance to Tools cover.
Professional Indemnity Insurance (PI Insurance) is one of the most common forms of business insurance taken out by contractors. The policy covers you should a claim be made against your limited company as a result of negligence, error or omission which causes financial loss for a client. This policy covers the cost of legal defence and liability costs should a claim of this nature be made.
Public Liability Insurance (PL Insurance) provides cover for contractors should the services you carry out cause physical injury or property damage to a third party that results in legal action being made against you. Public Liability Insurance covers the defence costs of a claim as well as any potential liabilities.
Employers Liability Insurance (EL Insurance) alongside Public Liability Insurance. For businesses that have one or more employees, Employers Liability is mandatory. The policy provides cover should an employee seek to bring a claim against the policyholder for injury or death caused by the services they were employed to carry out. The policy is designed to cover the cost of defence and any potential damages.
Tax and IR35 Enquiry Insurance is a vital contractor insurance policy that provides expert defence from Qdos Contractor in a wide range of HMRC enquiries. The policy also provides representation costs up to £50,000 in the event of the following:
- A PAYE compliance review
- An IR35 dispute
- A VAT dispute
- A Section 660A dispute
- A number of other enquiries into the policyholder’s tax returns
- Cases to Commissioners’ Hearing/Tax Tribunal if required (subject to prospects of success)
- Previous tax years covered
Please note that the insurance is offered on a claims made basis.
Jury Service and Legal Protection insurance is a very popular form of contractor insurance. Because contractors operating through their own limited company do not benefit from employment benefits, including paid jury service, our partners Qdos Contractor have designed a solution with you in mind. This policy covers the loss of contract income as a result of being called for jury duty and up to £50,000 in legal expenses for a variety of disputes, including:
- Contract disputes
- Debt recovery
- Property disputes
- Personal injury
- Employment disputes
- Criminal prosecutions
- Wrongful arrest defence
- Health & Safety prosecutions
The Contractor Sickness Cover policy protects you in the event of accidental death or injury, sickness or disease that prevents you from providing your professional services. The product is built for limited company contractors who do not benefit from advantages such as death in service and sick pay that are enjoyed by employees.
Like all of these policies, the Contractor Travel Insurance is made for independent workers. It provides cover for business travel in addition to group travel and leisure trips, even including the option of adding family members and high-risk activities to the cover. It’s an annual form of cover, meaning that you do not need to notify the insurer each time you take a trip.
Buy Insurance Today
Just need insurance? Working with Qdos Contractor we have made all the core contractor insurances available via their online insurance shop. See prices clearly and purchase policies at the click of a button to receive instant policy documentation.
THE IMPORTANCE OF INSURANCE
DO I NEED
Anyone who operates via a personal service company has duties and responsibilities that differ from a professional working PAYE via a direct employer. Day to day benefits such as sick pay, death in service and bereavement allowance are standard for most employees, but these advantages are lost for self-employed individuals. Having insurance in place provides financial protection should any unfortunate outcome occur, and grants the policyholder peace of mind that their company is safe should these unlikely events take place.
Often insurance is stipulated as a requirement in order for a contractor to start work on a contract. The most common mandatory insurance policies are Professional Indemnity, Public & Employers Liability Insurance, all of which are included within our Assured Plus package.
Having insurance also bolsters a Ltd Company’s IR35 status as it shows HMRC that the contractor has taken due-diligence and is portraying their company as a legitimate business and one that is potentially susceptible to financial loss.
Everything Under One Roof
As an integrated service provider we have created a package that combines our popular accountancy solution with business & tax insurances necessary for any successful contractor.
With our Assured Plus package, we include a suite of contractor insurances. The insurances included are Professional Indemnity, Public Liability, and Employers Liability insurance. We also include Tax Enquiry Insurance to protect you in the event of a variety of HMRC enquiries.
Plumbers, Electricians, Builders
We understand that not all Ltd Company contractors are white collar, and many small businesses operate within manual trades and labour intensive professions.
As a result we have teamed up with Rhino Trade Insurance to offer low cost, high quality tradesman insurances at the click of a button.