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  • Insurance
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    • Critical Illness Cover
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Contractor Insurance

You may need to take out some form of insurance cover as a condition of your contract or consider policies (for example tax protection) to provide peace of mind. Here, we examine the main types of policies available to contractors and how to secure the best deal.

Most Popular Guides

  • Relevant Life – tax efficient life insurance, paid for by your limited company. You can save up to 50% compared to paying the premiums personally.
  • Professional indemnity (PI) insurance – many clients insist that you are covered as a contractual condition. You can also get retroactive and run-off cover for full protection.
  • Are you legally obliged to take out business insurance as a contractor? – In some cases, you are, and in others, you would only take out specific cover to provide peace of mind (e.g. tax investigation cover).
  • Private Medical Insurance – first-class treatment if you or members of your family fall ill and don’t want to endure NHS waiting lists.
  • Why IR35 insurance is essential – what if HMRC launch a tax investigation? – this will cover the costs of professional representation in the event of an HMRC enquiry.
  • An overview of public liability insurance (PLI) – this will cover you if you damage persons or property whilst on contracting duty.
  • An overview of employers’ liability insurance (ELI) – do you have employees? If you do, you must hold valid cover.
  • Income Protection – provides income in case you are unable to work – a popular type of protection for professional contractors.
  • Critical Illness cover – pays out if you become seriously ill. This type of cover is often taken out in conjunction with relevant life insurance (see above).

Run off retroactive pi insurance

Professional Indemnity for contractors – retroactive and run-off cover

12th May 2025
PI providers can cover you for work done in the past (retroactive), and for claims made against you for the years after you retire (run-off).
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life insurance contractor

Relevant Life Insurance – tax efficient cover for limited company owners

15th April 2025
Protect your dependants with a relevant life policy—paid by your limited company for significant tax savings of up to 50%.
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contractor professional indemnity

A guide to professional indemnity insurance for contractors

4th April 2025
Many clients now insist that contractors have adequate professional indemnity insurance cover in place. What is PI insurance?, and how to choose a policy.
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Medical insurance for IT contractors

Private medical insurance for IT contractors

2nd April 2025
Contractors looking to cover themselves for specialist and hospital treatment costs may be interested in find out more about private medical insurance.
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IT contractor insurance

Is business insurance mandatory for IT contractors?

18th March 2024
There are some compelling reasons why most contractors should have adequate business insurance cover in place, even if it is not required by law.
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income protection insurance contractor

Income Protection Insurance for IT contractors – in a nutshell

4th February 2024
Contractor income protection insurance provides monthly payments if you can't perform your contract dutie due to sickness or injury. How does IP work, and how much does it cost?
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Public Liability Insurance

What is public liability insurance? Guide for IT contractors

24th January 2024
An overview of public liability insurance for contractors and small businesses - what it is, and how to get a quote.
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it contractor critical illness cover

Critical illness insurance for IT contractors – what does it cover?

18th September 2023
Critical illness insurance is designed to cover you if you are diagnosed with a serious medical condition. Read our guide for contractors.
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relevant life insurance

5 reasons to take out Life Insurance via your own limited company

15th June 2023
If you are a limited company contractor, taking out a relevant life insurance policy is a tax efficient way to protect your loved ones.
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employers' liability insurance contractors

Do you need employers liability insurance as an IT contractor?

5th October 2022
An overview of employers liability insurance for contractors, what the legal requirements are, and how to get an EL insurance quote.
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