Help & guidance for professionals

  • What is professional indemnity insurance?

    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.

  • Cyber insurance: the cost of restoring data and equipment

    Cyber insurance: the cost of restoring data and equipment for businesses

    The growth of digital technology has revolutionised business, rapidly increasing the speed, scope and scale at which firms can operate. However, this wave of benefits has also brought a new strain of risks for businesses to consider too.

  • How can engineering contractors prevent claims?

    How can engineering contractors prevent claims?

    Engineering plays a hugely important part of the UK economy, accounting for more than a quarter of the UK’s total GDP and nearly 50,000 contractors working in the sector.

  • Four insurance claims scenarios against counsellors

    Four common insurance claims against counsellors

    Counsellors play a vital role in helping people cope with a variety of issues but, for people working in this role, the delicate nature of their work also carries risks.

  • How to become a management consultant

    How to become a management consultant

    There’s a lot of variety in the role of management consultant. No two days are the same when working for companies across different sectors of all sizes.

  • Self assessment tax return for sole trader

    Self-assessment tax returns for sole traders

    There are many benefits to being self-employed; the autonomy, the freedom to pursue interesting projects and the ability to choose your own working hours to name just a few. However, with these advantages come a number of responsibilities - as a sole trader, completing your self-assessed tax return is one of the most important.

  • How to become a contractor

    How to become a contractor

    Modern workers are increasingly seeking out careers in contract work. With the freedom to set your own hours, pursue interesting opportunities and work with a diverse range of organisations, many talented workers are turning to the freelance lifestyle.

  • Secure IT system considerations for small businesses

    Secure IT system considerations for small businesses

    From the individual with personal data to protect, to the multi-national corporation with billions invested in its private operations, we all have to consider how to avoid an online threat.

  • What is a limitation of liability clause?

    What is a limitation of liability clause

    Limitation of liability is an essential part of any working agreement between a consultant and their client. This guide for self-employed people gives you all the necessary information so you can mitigate the risks and ensure your business is covered.

  • Managing scope creep

    Managing and Prevent Scope Creep

    The best-managed projects are those that have clearly defined scope. Scope creep occurs when ambiguity takes over, communications are poor and the standard of project management slips. It can affect companies on both an operational and a strategic level.

  • The new draft IR35 legislation

    New IR35 Private Sector Legislation explained

    The long awaited “private sector IR35” legislation has finally been released in draft form. Here's Markel Tax's quick guide to what it means for contractors.