For freelancers, Qdos Professional Indemnity Insurance or PI Insurance will protect you against the cost of defending claims where it is alleged that a client has suffered financial loss as a result of your error, omission or negligence. For total peace of mind we highly recommend this cover and premiums start from as little as £147 (including tax).
The standard PI Insurance
policy will cover you for work carried out from the policy start date. The policy may be extended to include work you carried out in the past for a small additional premium (this option is included as standard for non-IT based trades).
Contractor Professional Indemnity Insurance
The responsibilities that professionals have to their clients have changed. As with solicitors and accountants, contractors provide professional advice which is relied on by their clients. As a consequence you no doubt act with a reasonable degree of care and skill in order to ensure that your clients' interests are protected.
However even where care and skill is exercised there is still the potential for you to make a mistake that causes financial loss to a client or for a client to allege that you have made a mistake even if you have not. Whilst such disputes are rare, when they occur they can be costly. Qdos Professional Indemnity Insurance will, for a modest premium, provide you with peace of mind against this risk.
In addition, having PI Insurance will bolster the perception that you are in business on your own account, therefore aiding your IR35 position. Plus it will give your clients the reassurance that there are sufficient resources to handle any recourse in the unlikely event of an alleged breach of duty, adding value to any tender.
Statement of Demands & Needs
When purchasing a product from our shop you will first be asked to register for an account. Once you have completed our online application form and made payment, you will be able to log into your account to view your policy documents or product information.
It is important that before deciding to purchase a Qdos product you consider whether the insurance is appropriate for you.
You should read thoroughly all the product information we have made available to you, in particular the Specimen Policy Wording together with the Summary of Cover (Key Facts) before deciding to purchase your chosen product. These documents contain the full Policy Terms and Conditions.
Please note that you are basing your purchase solely on your own interpretation of the information we have provided.
Free IR35 Contract Assessments
You receive three free IR35 contract assessments when you purchase this product (valid for the length of your policy). If you have a contract you would like us to assess, please forward it to firstname.lastname@example.org including your policy number as a reference.