Health and safety Insurance for freelancers

You may encounter a lot of problems whilst doing a freelance job or running your own business. These problems can become potential hazards at times and may not only harm you but also others who are connected to your business in some or the other way.Therefore you should get health and safety insurance to fulfill your social responsibility of well being of others. A properly selected health and safety insurance policy provides you with the best protection, in compliance with the HSE convention.It is a general belief that, as a freelancer or business owner, you are accountable for all the mishaps that may crop up while tending to your business. An accidental injury or death of a person may cost you millions of pounds. Getting the right health and safety insurance will help you leave aside all your worries.

To ensure health and safety at work, you have to convince everybody to participate and exercise their responsibilities carefully. However, at times, despite all precautions, terrible incidents happen. That is when health and safety insurance ensures that you will a back up when you need it the most.You can talk to our experts on 01480 470220 or simply visitProfessional Indemnity Insurance for further help.

Personal Accident & Sickness Insurance

Have you considered what would ensue to your business if you were to fall ill or met an accident? According to the Office for National Statistics, around 2 million people in the UK are incapacitated to work due to accidents or illness. Instead of worrying about what might happen, you can enjoy peace of mind while working if you buy Personal Accident Insurance and Personal Sickness Insurance.Insurance for personal accidents and illness is one of the most flexible products available in the market; you can choose the level of weekly advantage required, and this establishes the cost of the policy. If you are self-employed or not receiving sickness benefit from your employer, you need to make your own provisions. Get started by getting a personal accident and sickness insurance.

With the volumes of business you handle daily, it is bound to make things stressful and could also result in bad health. Constant cash flow can be equaled to lifeblood, and even a single day’s deficit could be disastrous. You can easily cover up for such income loss by claiming a pay out from your insurers… How convenient!!

WHY YOU NEED PROFESSIONAL INDEMNITY INSURANCE

To appreciate fully why you need professional indemnity insurance, consider for a moment the possible consequences of not being covered. Your reputation, your business, your livelihood could all be at risk. In short, everything you have worked to secure.

If you’re a freelancer, contractor or consultant – if you offer any kind of professional advice or service for a fee – you really do need professional indemnity insurance. Quite simply, it will protect you in the event that any mistake you make causes a financial loss to a client.

Still not convinced it’s for you? Think again. It really isn’t calling your professionalism into question to highlight the fact that we all make mistakes now and again, particularly when we’re struggling to meet a deadline. We’re all human. The problem is that even a seemingly trivial error - putting a wrong figure in a document or the wrong telephone number in an advertisement - can have serious consequences.

If the worst does happen and you’re sued, then professional indemnity insurance will cover your defence costs and, if the decision goes against you, the amount of any compensation payment awarded up to the limit of your policy. Wouldn’t you like to have that kind of peace of mind?

Your professional indemnity insurance policy should also cover the cost of putting right any mistakes you might have made. This is often the least painful way of sorting out a dispute but, of course, without professional indemnity, it could be financially painful for you if it means work you hadn’t allowed for.

And there are other good reasons for being covered. You may not have made the mistake in the first place. It may have been someone who works for you or a sub-contractor. Perhaps there was no mistake. Maybe the client just didn’t think that your professional services were as professional as they might have been. In a case like that, a dispute can all too easily end up in an expensive legal case.

Not a problem. Your professional indemnity insurance will cover you for all your legal fees - and, in case you hadn’t noticed, lawyers don’t work for nothing in this day and age.

So, there are plenty of very good reasons for protecting yourself with professional indemnity. But do remember that not all professional indemnity insurance policies are identical. To be certain you find the one that meets your professional needs, just call 03333 211403 or email nfo@professionalindemnityinsurance.co.uk today.

Why You Can’t Afford To Be Without It?

To appreciate the essential benefits of professional indemnity insurance, just think about the consequences of being without it. You could lose your reputation, your business, your livelihood. In short, everything you have worked to build up.

If you’re a freelancer, contractor or consultant – if you offer any kind of professional advice or service for a fee, either as an individual or as a business – you need professional indemnity insurance. Not to put too fine a point on it, professional indemnity insurance will protect you against any loss or damage that might result from your actions.

Not relevant in your case? Think again. It’s no slur on your professionalism to say that we all make errors now and again, particularly when the pressure is on. We’re none of us perfect. And even what seems like a minor error - putting a wrong figure in a document or the wrong telephone number in an advertisement - can have very costly consequences.

When that happens, professional indemnity insurance will cover your defence costs if you’re sued and, should a judgement be made against you, the cost of any compensation. Who wouldn’t want to have that kind of peace of mind?

And with the right professional indemnity insurance, you will also be covered for the cost of rectifying any mistakes - often the simplest method for resolving a dispute but potentially expensive for you if it means work you hadn’t anticipated.

There are other advantages too. It may not have been you who made the mistake. It may have been one of your employees, or sub-contractors. Maybe a mistake wasn’t even made. Suppose a client simply doesn’t think your professional services were as professional as they should have been and a dispute develops that ends up in a costly court case?

Once more, professional indemnity insurance will pay for your legal fees - and, in case you hadn’t noticed, lawyers don’t work for nothing in this day and age.

The benefits can’t be exaggerated. But it’s important to point out that not all professional indemnity insurance policies are identical. To make sure you find the one that’s right for you and your business, call 01480 470220 or email info@coulsonpritchard.com today.

IR35 Insurance is necessary for your business

Even if you are a freelancer, that does not save you from the “IR35 threat” entirely. The fact is that HM Revenue & Customs now have set targets to recover unpaid tax from freelancers. It is worthwhile to get IR35 insurance also called contractors tax investigation insurance for those professionals who are worried about their contracts being deemed to be within IR35 by HRMC. An estimated 1.4 million contractors and freelancers are present in the UK alone. Out of these only a 1000 of them have to face IR35 investigations. But even in this slim chance, it is better to be insured well as, under the UK tax laws, you are guilty unless proven otherwise! Under such pressurizing circumstances, IR35 insurance provides financial assistance paying for your professional defense and also the tax, in case you are proved to be guilty.

So if IR35 is really bothering you and you need to know more, click on Professional Indemnity Insurance

Why does a freelancer need Business liability insurance?

As a freelancer, business liability insurance is very important. Here are a few reasons that will help you evaluate your need for liability insurance for your business.
1. If you work from home, and client receives injury during a visit, you would be liable to pay for the medical bills.
2. If the products you sell cause physical harm to someone, you will need business liability insurance to defend you and your company in the lawsuit.
3. If you at work in client’s home and cause water flooding in the entire building, you will be responsible to pay huge compensations
4. During an exhibition, your booth falls down and crashes through the booth of antiques behind you, you would be paying more amount than that equivalent to replace them.

These risks need to be considered while doing freelance business. Business liability insurance is a low price to pay for the reassurance that a client won't be able to clean out your business and personal assets in a lawsuit. Covers are available for as low as £112 pa. Why delay, apply now for your business liability insurance. Contact us on 01480 470220 or email info@coulsonpritchard.com to know more.

Why do consulting engineers need insurance?

Good consulting engineer insurance would become the backbone of the success that consulting engineers seek. Investing a few pounds in getting proper insurance is worth the effort because it protects you against any unforeseen accidents or damages that you might encounter while at work.There are many different professions that engineers follow. Engineering consultants, civil engineers to aircraft engineers all need insurance cover. It only varies from low to high hazard probability which determines how much cover an engineer needs to get.You could call us on 01480 470220 for professional help and guidance while buying consulting engineers insurance for yourself. Just a few pounds are required to obtain safety against legal claims made by clients by covering the financial costs.

There are various hazards involved in an engineer’s day-to-day work. Claims could arise from the work you are doing currently or even from the work you have completed in the past. For example, while designing a heating system in a factory, refurbishment proved inadequate due to minor miscalculations and the client required extra units worth £29,000!It would be your legal responsibility to pay those thousands to the client if he makes a claim in court. So, be prepared to face any such problems by getting consulting engineering insurance.