liability Articles

Insurance: Keeping you in Business
marketing | 29 July 2016
/ / / /

Insurance is one of those things you think you don’t need…until you do. One of the most common questions we get asked at Kingsbridge Contractor Insurance is ‘Why do I need insurance?’ We’ve taken some time to explain why.

Your company, your responsibility

If you were a PAYE employee then any accidents, mistakes, or errors you made that caused your company or client to lose money would be covered by your employer’s insurance. However, as an independent contractor you are the company, and are therefore responsible for the services you provide to your client.

If during the course of your work you make an error or omission that results in them losing money, then they are well within their rights to make a claim against you. These claims can often be very costly and in some cases may be the difference between continuing to work and bankruptcy. 

Insurance is one of those things you think you don’t need…until you do. One of the most common questions we get asked at Kingsbridge Contractor Insurance is ‘Why do I need insurance?’ We’ve taken some time to explain why.