Help & guidance for professionals
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What is professional indemnity insurance?
If you are alleged to have provided inadequate advice, services or designs to a client, professional indemnity insurance provides cover for the legal costs and expenses in defending the claim, as well as compensation payable to your client to rectify the mistake.
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Points to consider prior to starting your own business
Firstly, ask yourself why you want to start your own business.
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Steps freelancers and small business owners can take to deal with late payments
Dealing with debts and disputes is unavoidable for most businesses, regardless of size, and since the economic crash of 2008/9, late payment of freelance invoices has become common.
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Advice for contractors who are considering leaving their contract early
Contractors are often afraid of leaving their contract early because they are concerned about the potential legal implications and associated costs. Contracts are often agreed for a fixed duration, which can make it difficult to leave early.
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Which insurance policies protect freelancers and contractors?
The rapid growth of the freelancer and contractor market has provided a massive boost for the UK’s economy. This has also given rise to many different insurance policies created to protect freelancers and contractors.
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Which business insurance is the best for engineers?
With over 25 years’ experience insuring the engineering sector, Markel understands the risks facing contract engineers and offers comprehensive insurance cover for a broad range of engineering professionals, including:
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Professional Indemnity insurance vs Public Liability insurance, the differences explained
Professional indemnity insurance (PI) and public liability insurance (PL) are different types of business insurance that cover compensation claims. It is often misunderstood how each of these business insurance policies protect businesses against risk.
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Can I prove my contract is outside IR35?
With changes to IR35 in the private sector being imposed from 6th April 2021, being able to prove that your contract is outside IR35, could help you avoid being moved onto your client’s payroll, resulting in a lower take home pay.
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Do I need an IR35 contract review?
For contractors who have a limited understanding of IR35 or would like to seek a second opinion on their status, an IR35 contract review can be a great solution.
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UK 2021 Budget: How will freelancers, contractors and small businesses be impacted?
As we approach 12-month since the coronavirus pandemic put the UK into lockdown, a year on, many businesses and self-employed professionals are still struggling.
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The Most Asked Questions about IR35
Since the IR35 tax change was delayed due to the pandemic, Google Trends shows that the search interest around the subject has seen a 71% decrease. To help ensure contractors are well-prepared ahead of 6th April 2021, we’ve answered the most asked IR35 questions according to search engine data.