Small Limited Companies
Individual limited companies with no more than two employees or sole traders may need various levels of Professional Indemnity and Liability insurance to fulfill their contract conditions, obtaining work may well depend on having the correct insurance cover in place.
Professional Indemnity Insurance
Limits: £100,000, £250,000, £500,000, £1M or as required
Employers Liability Insurance,Limit: £10M any one claim.
Public/Products Liability Insurance
Limit: £1,000,000 to £5M any one claim
Many individual professional contractors are now taking advantage of tax benefits by operating as limited companies in their own right.Whilst this brings many financial advantages, it also produces potential insurance problems that would not occur if they worked as a company employee.
Today any provider of professional services, particularly those with limited company status, can be exposed to a number of potential forms of legal litigation. These can result from actions taken by employees or clients.
If you are a limited company or sole trader working via Recruitment Agencies and need insurance we are able to assist with a competitive package for all your insurance needs.