Professional Insurance

Your Company may be required to have Professional Insurance. This is often dictated by the Agency or Hirer, or may simply be personal choice. Insurance is one of the key ways in which a business protects itself against financial risk. It’s not that different to how we all protect our lives, cars and houses – only this time we are considering those risks on behalf of our businesses.

1st Option is able to source protection for the main areas of business which include:

Professional Indemnity Insurance

Professional Indemnity Insurance covers claims arising from your negligence or bad advice in work you have done for a hirer.

Public & Product Liability Insurance

Public Liability Insurance covers claims arising from your liability for injury to a person outside of your employment or damage to their property.

Employers Liability Insurance

Employer’s Liability Insurance is a legal requirement if you have 1 or more employee(s). This cover insures for claims arising from your liability for employee illness, injury or death.
Having this insurance in place is a positive indicator of IR35 status as it draws a link between the insurance needs of the business and the core IR35 status assessment around financial risk.

Click here to obtain a quote from our Insurance Partners or contact us.

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