Insurance for Contractors

SJD Accountancy is proud to work with Hiscox and offer our clients a 15% discount when they purchase a business insurance product through Hiscox.

Prices start from just £25 a month (plus insurance premium tax), for terms and conditions visit https://www.hiscox.co.uk/sjd/

Hiscox provides 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.

Hiscox have been named Best Small Business Insurer for eight years running (Source: Start Your Business Magazine) 

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 insurance is designed to provide 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, 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, 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 contents protects home or office-based professionals against the cost of replacing or repairing their business 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, equipment breakdown 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

Cyber and Data Risks Insurance

Hiscox cyber and data risks insurance supports and protects businesses if they experience a data breach or are the subject of an attack by a malicious hacker that affects their computer systems. It provides comprehensive cover, simplicity, reputation protection and a trusted partner in the event of a claim. 

Click the link to get a cyber and data risks 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 your policies. Business HR are experts in providing employment advice to small businesses.

Click the link to get a Business HR 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 0800 2800 358 or visit www.hiscox.co.uk/SJD

Alternatively if you have any questions about contracting or would like any further advice please call our new client services helpdesk on 01442 275789 or email: nikki.hanlon@sjdaccountancy.com.

You might also find the following insurance pages helpful:

SJD Accountancy is a trading name of SJD Accountancy Ltd. SJD Accountancy Ltd is an Introducer Appointed Representative of Hiscox Underwriting Limited which is authorised and regulated by the Financial Conduct Authority. For UK businesses only.

Call Back Request

12 + 1 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.

Speak to a
friendly expert
01442 275789

Monday to Friday (8am to 6pm)

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 15,000 clients.

We are the only national specialist firm of contractor accountants with offices nationwide. SJD Accountancy has more qualified staff than any other firm in our market with qualifications from the following major tax and accountancy bodies - ATT, AAT, CTA, ACCA, CA, ACA and FCCA.

  • Unlimited face to face meetings. This is a unique service only SJD Accountancy offers - unlimited face to face meetings across the UK - tax is complicated and sometimes only a meeting will do.
  • UK's Largest contractor accountants with more qualified staff. No call centres, no outsourcing, no automated call handling. Simply telephone, email or meet your own dedicated accountant face to face.
  • Money back service guarantee. All your Emails received by 4pm on any normal working day will be answered the same day. Should it be necessary to leave a telephone message it will be answered same day/following day latest or we will make a full refund of that months fee.
  • Outstanding reputation. We have won more awards for customer service and accountancy excellence than any other firm in our market, including: Best Accountant for Contractors, Accountant of the Year and Best Professional Service Team to name just a few.
  • All inclusive low cost fixed fee accountancy package which includes completion of accounts*, payroll bureau, dividends and corporation tax computations, personal taxation, free bookkeeping software, your own dedicated accountant* and all company returns for a fixed fee starting from £120 plus VAT per month. Check our packages for more detail.

If you have any questions about contracting or would like any further advice please call our new client services helpdesk on 01442 275789 or email: janice@sjdaccountancy.com. Our new client services helpdesk is open Monday to Friday (8am to 6pm).

Appoint SJD Accountancy and never worry about your tax or accountancy affairs again.

Form your own Limited company with SJD - our same day online company formation service includes company bank account set up, VAT/PAYE registration and advice on optimum share structure. 

You may also find the following pages, guides and case studies useful:

*If you would like us to complete your company year end accounts we simply ask that you have been a client of SJD for one year or have made 12 monthly payments. All accountants are part or fully qualified.