Insurance for contractors

Match the insurance cover to your contract

You know better than most that every contract project is different. Your clients rely on your flexibility and expertise, so finding cover to fit should be a top priority, especially when dealing with a brand new project. With Simply Business you can combine covers such as professional indemnity and public liability into a single business insurance policy, with a single renewal date. Whatever choices you make, it’s quick, quality cover, without the hassle.

What insurance do I need as a contractor?

Public liability insurance for contractors

Public liability insurance is often an important cover for contractors, in case someone is injured or their property damaged because of your business. Simply Business offers between £1 million and £5 million in cover, to protect you against this cost.

Professional indemnity insurance for contractors

Professional indemnity insurance is a vital consideration for all businesses that give advice or offer professional services to other businesses. It covers you in the event that you give faulty advice that causes financial loss to a client. You can buy professional indemnity insurance as a stand-alone cover or as part of a combined policy with other covers such as public liability insurance. At Simply Business we offer between £50,000 and £5 million in professional indemnity cover.

If you have employees, contractors, casual workers or temporary staff, you’re required by law to take out employers’ liability insurance. It’ll cover claims from employees who’ve been injured or become seriously ill as a result of working for you.

Contractor insurance policy details

• Make sure you read your policy documents carefully and that you understand any exclusions that may apply
• Find out what level of professional indemnity insurance your clients might expect before you buy
• If you employ people, even in your own home, you’re legally obliged to take out employers’ liability insurance. Not doing this could lead to a heavy fine

Need more details? Hear more about your business cover options from our expert team in a quick set of videos. Just choose the cover you’re interested in and get some expert insight into how each option can help your business. You can also check out our business insurance FAQs.