Professional Indemnity for contractors – retroactive and run-off cover
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).
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.