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.
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.
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.
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?
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.
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.