Insurance for Contractors
SJD Accountancy has set up a new partnership with Hiscox. Hiscox provides specialist business insurance for contractors, freelancers, consultants and small office based professional businesses in the UK.
Hiscox, understand that different industries face different risks. That’s why they have developed profession specific professional indemnity policies. They also offer additional insurance policies to protect your business and office, so you can tailor your business insurance to suit your needs.
Please see below for their full range of insurance products:
Professional Indemnity Insurance for Contractors, Freelancers and Small Businesses
Professional indemnity insurance, also known as PI insurance or indemnity insurance, can help protect you if claims are brought against you by a client due to a problem with work you have done for them.
Hiscox professional indemnity policy will offer cover for compensation you may need to pay to correct a mistake or cover any legal costs due to negligence, such as giving incorrect advice or making a mistake in your work.
Click the link to get a professional indemnity insurance quote
Employers Liability Insurance
If you have employees we’re sure you will do your best to limit the possibility of injury or illness to them resulting from their work, but if they do have an accident or become ill, your business could be sued for compensation under your employers’ liability insurance. As a result, businesses in the UK that employ staff are legally obliged to have employers’ liability insurance to provide cover against a claim from an employee.
Employers’ liability insurance can be bought with Hiscox Public Liability Insurance.
Click the link to get an employers liability insurance quote
Public liability insurance
Despite your best intentions, accidents do happen and if the accident is as a result of something your business has done then a client, contractor, or member of the public can claim against your business for compensation. Your public liability can be triggered by something as simple as spilling a drink over a client’s computer, or a contractor slipping on a wet surface in your office incurring injury or damage.
To help protect your business, Hiscox can provide contractors and small businesses with public liability insurance as a standalone policy or it can be purchased together with their range of business products including Hiscox Employers’ Liability Insurance.
Click the link to get a public liability insurance quote
Office Insurance
Whether you work from home or a separate business premises, having the right insurance cover for your office is important. Hiscox understand that every small business is different so they offer policy options you can tailor to the needs of your company.
Hiscox office policy covers your contents as standard. This includes office equipment if it is accidentally damaged, lost or stolen. In addition, you can also add a range of specialist covers to your policy: portable equipment , business interruption, legal expenses and buildings.
Click the link to get an office insurance quote
Personal accident insurance
Have you considered what would happen to your business if you, or a key member of staff, suffer an injury from an accident and are unable to work? In these circumstances, personal accident insurance cover will pay your business a weekly amount. If the accident is more serious and the injury results in permanent disability or even death, your business would receive a lump sum payment if it has personal accident insurance.
Click the link to get a personal accident insurance quote
E-Risks
Small businesses increasingly rely on email and the internet to run their business; whether it’s emailing an invoice or using a website to showcase your work. For all its benefits however, using the internet brings new risks that could damage your business.
Hiscox E-risks Insurance protects your business against many of the cyber-related dangers such as damage caused by viruses, hackers and electronic ID theft.
Click the link to get an e-risk insurance quote
Business HR: Employer Advice Service
Running a small business is time consuming, especially when you have to combine your day-to-day projects alongside business administration and paperwork. If you employ staff, the paperwork increases and you must also keep up to date with the legal requirements that come with being an employer.
As a Hiscox Business Insurance customer you can add-on access to employer advice from Business HR to any of our policies. Business HR are experts in providing employment advice to small businesses.
Click the link to get a business HR service quote
How much does contractor insurance cost?
Due to the rarity of claims prices are far less expensive than you may think and depend on factors such as the level of cover required (in the case of Professional Indemnity insurance), the annual turnover of your business or the number of employees in the company (in the case of Employers’ Liability Insurance). Click the quote links above to find out more about prices for Professional Indemnity Insurance for Contractors along with the other insurance products
If you have any further questions please contact Hiscox on 0845 512 1895 or visit www.hiscox.co.uk/SJD
You might also find the following insurance pages helpful:
Which business insurance do I need as a contractor?
Professional Indemnity (PI) Insurance FAQ
Professional Indemnity Insurance and Liability Insurance for Contractors
Contractor insurance guide
SJD Accountancy
SJD Accountancy are the UK's largest specialist provider of fixed fee, limited company accountancy services to contractors; we've been acting for contractors across the UK since 1992 and have more than 11,000 clients.
We are the only National specialist firm of accountants with offices in all major UK cities so you’ll never be far from your accountant. SJD also have more qualified staff than any other firm in our market with qualifications from the following major tax and accountancy bodies - ATII, ATT, ACCA, CA, ACA, FCCA, ACMA. You’ll also be pleased to know that we are one of the lowest priced as well.
Free face-to-face meetings. This is another unique service, only SJD offers free face to face meetings - tax is complicated and sometimes only a meeting will do.
Unlimited access to your own dedicated accountant. No call centres, no outsourcing, no automated call handling. Simply telephone, e-mail or meet your own dedicated accountant face to face.
Money back service guarantee. All your telephone calls and e-mails will be answered the same day or we will refund your monthly fee's.
Outstanding reputation. We have won more awards for customer service and accountancy excellence than any other firm in our market.
All inclusive low cost monthly package which includes completion of accounts, payroll bureau, dividends and corporation tax computations, personal taxation, free bookkeeping software, unlimited access to your accountant and all company returns. All this for a fixed monthly fee of £110 plus VAT, which is one of the lowest prices in the market.
If you have any questions about contracting or would like any further advice please either contact your SJD Accountant or call our new client services helpdesk on 0500 152500 / 01442 275789 or email: nikki.hanlon@sjdaccountancy.com.
Appoint SJD Accountancy and never worry about your tax or accountancy affairs again!
You may also find the following pages, guides and case studies useful:
Take home pay calculator - How much could you be taking home
Contractor FAQ - All your frequently asked questions and their answers
First time Contracting or Freelancing? - A summary of the alternatives along with pros and cons
Choosing an accountant - For a full review
Step-by-step Guide to Contracting - Download a FREE copy of our guide
Limited or Umbrella? Can't decide? - We help you decide which is best for you
Guide to Contracting - All the best guides to contracting in one place
Expenses Guide - Know exactly what you can claim
Umbrella company guide - Everything you ever wanted to know about umbrella company services
IR35 Guide - A great plain English guide to IR35
