If you’re a contractor, you’re certainly not by yourself. In fact, recent figures suggest there are around 1.77 million people working as full time contractors in the UK, with over 200,000 working on a self-employed basis as a second job.
But even though you’re not a one off when it comes to your status, if a client, customer or anyone else decided to take you to court, it’s you and you alone who will have to fight your corner. Unless, of course, you’ve been a conscientious contractor and made sure you have the right insurance in place.
Considered best for contractors
The cover you need to think about all depends on what type of work you do as every profession comes with its own set of risks. First off, professional indemnity insurance is an absolute essential.
It can cover legal costs, plus any damages awarded against you, up to your chosen limit, from as little as £5 a month. And because it’s with ipro, it can also cover claims that are not yet known for work you did before you took out the policy – whether you had insurance or not.