Insurance renewals

January is the month PayStream’s PSC insurance renewals are due and because we provide cover for over 3500 PSCs it’s become a vital part of delivering a great service to our accountancy clients. While working as a contractor, having business insurance is an extremely important decision for a plethora of reasons.

The obvious benefit of insurance is to  provide cover incase something goes wrong and claims can run into the millions, but the benefits go far beyond that in the world of contracting. Most agencies will insist on a PSC having cover before they will offer them a role, therefore having cover in place makes your services more attractive to potential clients.

IR35 is also one of the considerations when looking at business insurance. HMRC take into account a company’s risk profile when assessing IR35 and having insurance clearly demonstrates that there is business risk and that the business in question has taken steps to mitigate that risk.

The obvious benefit of insurance is to  provide cover incase something goes wrong and claims can run into the millions, but the benefits go far beyond that in the world of contracting.

PayStream policies are positioned to be extremely competitive vs going direct to insurance providers. We can cover Employers liability, Public and products liability, Professional indemnity and Personal accident cover.