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Insurance renewals

Tony Hodkinson

Tony Hodkinson | Head of Internal Sales

Thursday 24th Jan, 2019

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.

For more information on what we provide call the insurance team on 0161 923 0201 (option 1).

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It is important to know which type of insurance is right for you and your business.  Having the wrong or no insurance could result in more than just a financial loss.

This article is here to help you decide which is the best insurance package for your Limited company.

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