Professional Indemnity Insurance and Liability Insurance for Contractors
Whether you are a contractor or freelancer working from home or a client’s site we are sure our partner Hiscox has a range of products you can tailor to suit your needs. Organising cover couldn't be easier; you can get quotes, purchase cover and receive policy certificates via email.
Professional indemnity insurance meets the cost of defending claims and damages payable should a client suffer financial loss due to any negligent act, error or omission by a contractor. For example if you're a Contractor developing software and as a result of your actions there is a delay to its delivery, it is highly likely your client will demand considerable compensation from you. Professional indemnity could cover the cost of such a claim.
Contractors and Freelancers - Do you need Professional Indemnity Insurance?
Working for yourself carries certain obligations and responsibilities. You may need professional indemnity insurance if you:
- provide advice to your clients
- handle data belonging to a client
- are responsible for a client’s IP (intellectual property)
- provide a professional service and could be challenged on your work. You may feel confident in the quality of your work, but any contractor / freelance business is vulnerable to a claim of negligence when professional advice or services fail to meet a client’s expectations and cause financial loss.
Why choose Hiscox Professional Indemnity Insurance?
Hiscox provide several levels of professional indemnity insurance cover, up to £2 million online and up to £10 million over the phone. They offer a range of industry-specific policies to suit the risks you face in your particular profession. Contractors and freelancers can tailor Hiscox flexible professional indemnity insurance policies to suit the needs of your business and make changes at any time. And if you want the peace of mind that your professional indemnity policy will provide cover for similar work undertaken in the past, Hiscox can offer you retrospective cover as well.
Professional indemnity insurance quotes are available online or by phone, on 0845 512 1895 or visit www.hiscox.co.uk/SJD
You can pay for your policy by interest-free monthly Direct Debit instalments.
You might also find the following insurance pages helpful:
Which business insurance do I need as a contractor?
Professional Indemnity (PI) Insurance FAQ
Insurance for Contractors
Contractor insurance guide
Policies are underwritten by Hiscox Underwriting Ltd on behalf of Hiscox Insurance Company Ltd, both of which are authorised and regulated by the Financial Services Authority. SJD Accountancy is a trading name of SJD Group Ltd. SJD Group Ltd is an Introducer Appointed Representative of Hiscox Underwriting Ltd.
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. And most importantly, in a recent survey 98% of our clients rated SJD as 'better than other accountants' - we are working hard to convince the other 2%!
If you have any question 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.
