Business Insurance
Limited Company Business Insurance
Business insurances cover is usually required by and included in the contracts of agencies and clients. Though no longer a statutory requirement, a company that is genuinely in business on its own account would be expected to be protected by the 3 essential business insurances:
- Public Liability
- Employers Liability
- Professional Indemnity
The Trafalgar policy combines all 3 insurances in one policy and has been specifically designed for contractors and consultants operating through their own limited companies. Available by arrangement with Bickley Insurance, the policy offers:
- Competitive rates
- Simple application form
- Immediate cover
Moreover, it is available to all contractors, regardless of whether you are a Trafalgar client.
Public Liability
Covers claims made against a business, if its owners, directors or employees are shown to be responsible for personal injuries to a third party or damage to property.
Employers' Liability
The prescribed legal cover against bodily injury, illness or disease sustained in the course of employment. Cover is no longer a statutory requirement where the director is the only employee but the cover is included as part of the combined policy by the insurers, at no extra cost.
Professional Indemnity
Insurance against costs incurred in the defence and settlement of any negligent act, error or omission for any business providing advice and services and is required by any company providing professional services for the following reasons:
- Cover is becoming a standard requirement in most agency and client contracts
- Clients frequently turn to law to settle disputes
- HMRC consider cover an essential element to justify 'self-employment' status
Business Insurance Application Form
You can download our business insurances application form by clicking here.
Tax Investigation Insurance
Covering the costs of preparing and supplying additional accountancy information and legal defence in the event of an HMRC enquiry. It is worthwhile considering as the additional accountancy and legal fees incurred during an investigation can be significant. We recommend using QDOS Consulting to arrange tax investigation insurance.
Please Note: Tax Investigation Insurance is different from the various forms of tax indemnity insurances. We do not recommend, and strongly advise against any type of tax indemnity insurance particularly since the introduction of MSC legislation.