As a contractor in business on your own account, insurance is an important consideration. If you made an error or mistake in your work, your company would be liable for your actions.
In most cases, your agency or client will insist that you carry insurance as part of your contract and will not let you start the assignment without proving you have adequate cover. You will not typically be covered by your client’s or agency’s insurance policies.
You need to make sure you have suitable cover in the event that something goes wrong.
At PayStream, we can offer you the main insurances, including:
- Professional indemnity: to cover any negligent acts, errors or omissions arising from your professional services.
- Public liability: to insure your company against any claims made by a third party such as damage done to a client’s property or personal injury you cause to a third party.
- Employer’s liability: as an ‘employee’ of your company, this protects you, and any additional employees that you take on against injuries sustained at work.
- Personal accident: to provide valuable protection for you in the event that you suffer an accident either while on site or while travelling to site, and cannot return to work as a result.
Paystream are able to provide all these insurance requirements through our bronze, silver and gold packages. Please speak to our new business team directly if you have any questions or would like a quote.
PayStream Accounting Services Limited is an Appointed Representative of Jelf Insurance Brokers Limited, which is authorised and regulated by the Financial Services Authority.