Contractors' insurance

The more clients you work with, the greater the risk there is of something going wrong.

Insurance for contractors means you can keep on your toes without looking over your shoulder.

Start with these:

Professional indemnity insurance covers mistakes, misunderstandings and complaints about your work. If there’s a problem and a client says you’ve cost them money, they can claim against you for their loss. Allegations like these – whether justified or not – take time, money and legal expertise to sort out. Contractors’ professional indemnity insurance is deep pockets, an expert solicitor and an arm around your shoulder – paying costs, compensation and keeping your reputation intact.

Public liability insurance is useful when you’re out and about at clients’ offices – a normal day for most contractors. If there’s an accident, it’s your fault and someone gets hurt or something’s damaged, you’re liable and you’ll have to pay. Protect your bank balance with cover that pays your costs and any compensation.

Portable equipment insurance is essential for contractors. If you’re not using client equipment, your laptop is your tool of the trade. Damaged, lost or stolen tech equipment isn’t just inconvenient and expensive – it could scupper a deadline too. Protect your gear and you protect your livelihood.

Cyber and data insurance covers damage limitation, tech investigation and reputation protection after a hack or data breach. If you use email, store customer data electronically or run your own website, you’re a target for cyber criminals. Make sure you’re one step ahead.

Personal accident insurance pays to do your work even if you can’t. If you’re unlucky enough to suffer a serious injury or illness, this covers your medical bills, your livelihood and helps you keep clients onside.