Markel Direct
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.
Legal expenses insurance (LEI) is a type of business insurance that is not as well known as professional indemnity or public liability, but is no less important.
The protection that LEI offers typically fills the gaps that many other liabilities policies don’t cover.
As a self-employed freelance contractor, the most attractive aspect of this insurance could be its coverage for tax investigations, which can include IR35 enquiries. However, there’s much more to LEI than that.
In this blog, we look at the key points to the policy and how self-employed professionals can benefit from this type of cover.
Legal expenses insurance provides you with up to £100,000 of cover in any one claim and includes:
Some of these issues can leave you having to pay thousands of pounds in costs out of your own pocket if you are not insured.
Legal expenses insurance will enable you to:
In this instance it's important to have an expert to handle your case and guide you through the process to ensure all the documentation you submit is correct.
Legal expenses cover provides £100,000 of cover for representation costs in the event of a tax investigation, meaning you aren’t having to cover the costs out of your own pocket.
The policy provides access to free helplines to guide you in IR35 issues, tax advice, legal advice, business law and counselling.
Legal expenses insurance is available to most self-employed people, however, the policy is not available to charities and community groups, nor is it currently available for manual tradespeople, but this is being addressed and a launch of the policy for trades is imminent, watch this space.
Contact Markel Direct today for more information about the legal expenses insurance.
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Sources:
https://www.caunceohara.co.uk/ir35/guides/tax-enquiry-legal-expenses-cover-can-help-event-ir35-investigation/
https://www.caunceohara.co.uk/four-great-reasons-to-purchase-legal-expenses-insurance/
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.
IPSE provides you with all the advice and guidance required to ease the burden of tax, delivered by knowledgeable and friendly taxation experts at Markel.
Freelancer and contractor insurance is designed to protect you against the unforeseen. This guide, produced in partnership with Markel Direct, outlines the different types of insurance available.
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