Employers’ Liability insurance enables the employer to have protection that will cover the costs of any compensation and legal fees for employees who are injured or made ill as the result of work.
Whilst the PPI Payment Protection Insurance (PPI) sold by High Street banks is often unsuitable for Freelancers and the self employed, there is an alternative insurance that can cover your loans, credit cards, mortgage or living costs against loss of income.
Running your own business opens up the doors to a large variety of insurances available for both your business and you you personaly.
At the beginning of 2009 when PCG member Gavin Chaplin first suspected the Agency he was working through was going under he called the PCG legal helpline for advice.
Many freelancers and contractors will have heard of IR35 or the intermediaries legislation. An IR35 investigation is a risk unique to freelancers who could be caught under IR35, or deemed employed.
While Employers’ Liability Insurance covers the cost of compensation to employees and Motor Insurance covers your vehicle, there are other claims that you may need to protect your freelance business against.
Tax investigations insurance, sometimes referred to as Professional Expenses Insurance (PEI), is included as a core component of PCG membership and covers costs associated with an investigation into your business affairs by HMRC.