Contractor Insurance
Business insurance from the UK’s leading contractor insurance brokers. Contractor insurance from reputable and award-winning brokers.
Following extensive research and drawing on our expertise, we’ve curated a list of the top contractor insurance brokers in the UK. Secure the best business insurance quotes from trusted providers, offering comprehensive cover from professional indemnity to public liability. Enjoy competitive premiums and round-the-clock claims support.
Our list features insurance brokers who provide top contractor insurance at some of the most competitive rates in the industry. Our team of contractor insurance brokers offers all the essential business coverages, including professional indemnity, public liability, IR35 insurance, employers’ liability, directors’ and officers’ liability, and even international insurance.
What is a Contractor Insurance?
A contractor insurance is a type of business insurance designed specifically to protect contractors and freelancers.
It is tailored to cater to the specific risks and liabilities associated with contracting. This is unlike typical business insurance.
The policies include cover for public liability, professional indemnity, and employer’s liability, among other crucial protections.
Top Contractor Insurance Brokers in the UK
Below is the list of the 10 best business insurance brokers in the UK.
- Qdos Contractor
- Caunce O’Hara
- Qdos Contractor Insurance
- Kingsbridge Insurance
- Hiscox
- Simply Business
- AXA UK
- Simply Business
- Roots Contractor Insurance
- Markel Direct
Is Contractor Insurance required?
Keeping in mind the nature of contracting work, and the risks associated with it, it becomes necessary for contractors to have insurance to protect them.
From potential claims of professional negligence to accidental damage or injury caused to third parties, the financial implications of an uncovered incident can be devastating.
Contractor insurance provides a financial buffer, ensuring that such risks do not lead to significant losses or the collapse of your business.
3 Main Types Of Business Insurance
3 main types of business insurance limited company contractors opt for are:
- Professional Indemnity (PL): Professional Indemnity commonly referred to as PL, is an absolute must for limited company contractors. It is essential for those who provide professional advice or services to their clients. This insurance protects you by covering legal costs and compensation claims arising from professional negligence, errors, or omissions. For IT professionals and contractors, lacking this cover is highly inadvisable, as it could result in substantial financial repercussions. Having this protection in place safeguards your reputation and financial stability, while also providing peace of mind to your clients.
- Public Liability (PI): This insurance is one of the most important insurances for limited company contractors. It provides coverage for claims made by third parties in the event of injury or accidental damage caused by your business activities. This protection shields you from legal liabilities and compensation payments, making it particularly valuable if you regularly interact with clients or the public.
- Employers’ Liability Insurance (EI): This type of insurance is mandatory and a legal requirement in the UK if you employ staff, including temporary or part-time workers. It covers legal costs and compensation claims if an employee is injured or falls ill due to their work. This insurance ensures that employees are protected against workplace accidents or occupational diseases.
Choosing the right insurance provider is crucial for UK contractors to secure the appropriate coverage to protect their business. The providers mentioned above are recognised for their dependable service, comprehensive policies, and competitive pricing. When selecting an insurer, it’s important to assess your specific needs, compare quotes, and opt for providers with a solid reputation for customer service and efficient claims handling.
If you need any help in getting business insurance, at competitive rates, please find in the request a callback form below and we’ll get in touch with you.