Protect yourself

IPSE provides its members with a range of essential insurances to give you peace of mind as you run your business, knowing you are covered by IPSE.  As a member you also get access to IPSE's dedicated pension and life assurance, so you know your and your family's future are protected.

Become a member from only £8.50 a month

IPSE Tax Investigation Cover

HMRC may perform various forms of investigation into the tax affairs of companies and individuals. These include PAYE and VAT reviews and requests for information, such as the ‘Check of Employer Records’ letter, which is the precursor to an IR35 investigation.

They can do this at any time, and even if you’ve been honest and accurate declaring tax, it’s possible that they will launch an enquiry. Without the right protection in place, this enquiry and any potential appeals could come at a major cost to you and your business. Not to mention your valuable time that will be lost, which would be better spent running your business.

What you need is a team of experts who can take this off your plate, and financial cover for any time you may end up losing.

IPSE Tax Pre-dispute Cover

Lots of HMRC tax investigations can be stopped before they start. When HMRC investigate your work, they will send you an initial notification. IPSE Plus members are covered from this point, and IPSE will draft a response to the initial notification from HMRC removing the stress and minimising the risk of responding incorrectly. If HMRC want to proceed with the check, IPSE will represent you at no cost.

IPSE Tax Investigation Cover

Plus
As an IPSE Plus member, should you receive a notification letter from HMRC investigating your taxes, IPSE will draft a response removing the stress and minimising the risk of responding incorrectly. If HRMC want to proceed with the check, IPSE will then represent you at no cost. Plus, you can receive up to £500 per day compensation for tax compliance meetings, as per your contract at the time.

Standard
For IPSE Standard members we will provide a specialist to deal with your tax investigation should there be a dispute with HMRC. The specialist will handle all correspondence with HMRC at no cost to you. IPSE members can also receive up to £500 per day compensation for tax compliance meetings, as per your contract at the time.

 

 

Self-employed covered

 

 

Business interruption insurances

 

Sadly, businesses can fall on hard times and be forced to shut their doors. In the event that the business going bankrupt or into administration happens to be your end client, the agency you work through, or your umbrella company, your outstanding invoice with them will likely not get paid.

It isn’t fair, and not receiving the payment you’re owed can have serious consequences for you and your business.

IPSE End Client, Umbrella and Agency Default Cover

If you have an outstanding invoice with an end client, agency, or umbrella company that is going bankrupt or into administration, it’s likely you won’t get paid. That’s why we provide IPSE members with up to £10,000 if an end client or agency goes into administration and up to £2,500 if your umbrella company goes bankrupt or into administration.

IPSE Contract Failure Cover

As an IPSE member, if you find yourself in a situation where the agency you’re working through doesn’t meet the terms of the contract that you have with them, IPSE will compensate you up to £1,000 based on your day rate as per your current contract.

 

You have finally landed your dream client and the work is going great, until you unexpectedly fall ill and can’t work for nearly a month, interrupting all your income but not halting any of your outgoing expenses. What now?

IPSE Illness and Injury cover

As an IPSE member, if you are ill or injured for 3 or more weeks, IPSE will compensate you up to £2,000 based on your day rate as per your current contract.

All you’ll need to do is fill out a straightforward claim form and send it to our membership team in an email with some additional evidence, then we’ll take care of the rest.

If successful, we’ll send your compensation in a single payment, so that you can rest easy knowing your bills are covered and focus on getting back on your feet.

When you work for yourself, having this type of protection in place is a no-brainer. The potential outcome of a claim for this cover can surpass the cost of an annual IPSE membership fee - many times over.

IPSE Jury Service cover

Around 33,000 people are called up to jury service a year, and when you’re self-employed that can mean losing income. That’s why IPSE compensates members with up to £5,000 if you are working on a contract and get called up for jury service, based on your day rate as per the contract.

If the contract you are working on at the time is completed via an umbrella company, you can be compensated up to £2,500.

 

 

 

Discounted business insurance

Business insurance is designed to protect you against the unforeseen – from making a mistake in a piece of work that results in your client losing money, to personal injury claims from third parties and employees. If a claim is made against you (even if it’s unsubstantiated) and you don’t have cover in place, you could be left to pay thousands of pounds in legal fees and compensation payments out of your own pocket.

That's why IPSE have partnered with Markel Direct, a specialist insurer of contractors, freelancers, self-employed professionals and micro-businesses to offer a 10% discount on contractor insurance to IPSE members, including professional indemnity, public liability, employers’ liability and more.

Getting cover with Markel

Fast, easy online quote
Markel’s hassle-free website offers instant cover online in a matter of minutes

Instant documents
Policy documents are emailed instantly when you arrange cover, so you can prove to your client you are insured straight away

No hidden fees or cancellation charges
There are no hidden administration charges to make a change to your policy or cancel mid-term

 

 

 

IPSE Group Pension Scheme

A pension can be the last thing you think about when you are self-employed, but with longevity increasing and retirement potentially lasting for many years, it’s important that you start preparing now in order to get the retirement you want.

IPSE Pension Scheme

 

With a negotiated charge of only 0.23% (inclusive of administration and investment charges) our pension scheme via Aegon gives you the opportunity to save securely at far lower rates than you would pay with similar schemes.

For more information, please visit our pension documentation page or read our T&C's.

 

 

 

IPSE Life Assurance

In the event of your death, it’s important to have life assurance in place to help your family and dependents financially.

IPSE Life Assurance

IPSE plus members receive £5,000 life assurance as standard, and once activated you can choose to increase this up to £250,000 at a discounted rate. This serves as not only your life assurance but also as your death-in-service benefit.

By being included in a group rate, IPSE members can benefit from life assurance at a heavily discounted rate compared to the retail market through Legal & General.

For more information see our Life Assurance overview or read our T&C's.

 

 

Protect your business and support the self-employed for less than 26p a day