Contractor Insurance Guide

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

Running a small business can be very rewarding but also stressful when you consider the potential risks to your business. Understanding what those threats are and how you manage them is critical to your success. 

Your guide to company insurance

What happens if you have a problem with your client?
If your business makes a mistake and suffers a legal claim from a client, the legal costs and compensation can be significant.

Professional indemnity insurance may help protect you in the event of a claim and is often a contractual requirement.

Cover for your visitors
If customers, clients or other members of the public come to your place of work, or you go to theirs, you could consider public liability insurance. It can cover you against claims for damage caused by you or your business, such as personal injury or damage to equipment. It also covers legal fees that arise out of claims you have to defend.

Staff cover
Employers’ liability insurance is a legal requirement for most businesses in the UK with employees. The policy is designed to meet the cost of damages you may have to pay and any legal fees if employees suffer an injury or develop a disease because of their work.

Office protection
Have you considered what would happen to your business if you suffered a fire or a flood at your premises or had valuable office equipment stolen? Office insurance can protect your contents and the building itself. You can also add on business interruption insurance which can compensate you for loss of income following an unforeseen circumstance, such as a flood, stopping your business operating as normal.

Be aware of cyber and data risks
If your business holds customer data or relies on the internet or computer systems, cyber and data risks insurance can help protect your business if it experiences a data breach or is the subject of an attack by a malicious hacker that affects its computer systems. It provides comprehensive cover, simplicity, reputation protection and a trusted partner in the event of a claim.

Hiscox offers comprehensive insurance to contractors, freelancers, interim managers, consultants and small businesses, whether you work from home or from a client's office. Your cover is backed up by knowledgeable and efficient UK based claims handlers.

If you would like a tailored quote from Hiscox, please visit or call 0800 2800 358.

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.

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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: 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.