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Professional Indemnity Insurance will protect you and your business should a client make a claim against you and your working practices. Other useful insurances for contractors include Employers Liability, Public Liability and Personal Accident.

Working as a contractor comes with numerous benefits, from experiencing more freedom and control, to having the opportunity to earn more than a permanent worker in the same role – but it also means more responsibility, such as thinking about taking out certain insurances to protect you and your business.

Insurances are there to protect you from unforeseen circumstances that could have a detrimental effect on your business and how it carries out work.


Professional Indemnity Insurance, or PI, is a type of insurance that helps to protect you from any claims that may be brought against you by a client.

Not every contractor might need this type of cover, however, there may be certain areas and skills that you provide which could mean that you are more likely to need PI insurance.

Some examples are if you:

  • Provide expertise, skills or advice to clients.
  • Provide a professional service that could be challenged by a client.
  • Have access to a client’s confidential information.
  • Produce materials that could cause offence or violate intellectual property rights.

Reasons that a client may make a claim against you may be because of:

  • An issue with any work you have carried out for them
  • Loss of documents or data
  • Errors and omissions

Although you may feel completely confident in the quality of your work, any contractor offering the above mentioned skills can be at risk and so to avoid any financial loss, it is definitely worth considering taking out PI insurance.


There will be many factors to take into consideration when it comes to how much PI insurance will cost you, for example your industry, the type of work you do and the level of cover you want will all play a part in the overall costs.

Make sure you shop around and look for quotes from different companies so that you can compare and see which provider you can get the best deal from for everything you need. Your accountant might also be able to give you further advice and guidance on the subject.

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  • Employer’s Liability Insurance– Employers Liability (EL) Insurance is there to protect your business by helping with compensation pay outs, should an employee become ill or injured from carrying out duties in the workplace, for which you as the Employer are responsible.

It is a legal requirement for any business with members of staff to have this type of insurance and you must take it out as soon as you start your business.

  • Public Liability Insurance– It’s worth looking at taking out this type of insurance should you have members of the public visiting your site, employees visiting your client’s premises or contractors working for you.

You have a duty to protect anyone who may be affected by your activities so therefore, if an accident occurs and it is your or your employees fault, then a client or member of the public can make a claim against your business, in which case Public Liability Insurance would help with any damages.

  • Personal Accident Insurance– This type of insurance could help if you or your employees are injured by providing either a weekly or lump sum benefit during the period off employment.

Personal Accident Insurance will pay your business a weekly amount should this happen and if any sort of injury suffered results in a permanent disability, or even death, your business could receive a lump sum payment.

  • Cyber and Data Risks Insurance – Cyber security is becoming more and more of a necessity for businesses – whether you are a large or small company. In a world where we are so reliant on technology, cyber and data insurance is ideal for protecting businesses against data breaches and malicious hackers.

Exclusive discount

As a client of Dolan Accountancy you will benefit for an exclusive discount of 10% when you purchase your insurance through Kingsbridge, this discount will also carry through if you choose to renew your insurance with them after the first year

Ask Kingsbridge to call you in the next hour….


Dolan Accountancy is an Introducer Appointed Representative for general insurance purposes only of Kingsbridge Risk Solutions. Kingsbridge Contractor Insurance is a trading name of Kingsbridge Risk Solutions Ltd. Authorised and regulated by the Financial Conduct Authority. Registered in England No. 4122238

Why Thousands of Contractors Choose Dolan Accountancy

With over 25 years experience in contractor accountancy helping thousands of contractors, freelancers and the self employed, Dolan Accountancy has the specialist skills, reputation and credibility you can trust.

Working closely with our sister company, Contractor Umbrella, it means we can offer one low cost, fixed fee package at £105 + VAT. This gives you the flexibility of using both our Limited Company Accountancy Services and our award winning Umbrella Service, for one inclusive cost.

If you’d like to find out more about how Dolan Accountancy can help you and your business, please give us a call on 01442 795 100 or email or

We don’t believe in tiered packages or hidden extra fees, instead we aim to give you everything you need, including:

  • Free Company Formation – This is where it all begins. Once you have decided on an available name, we will form your company free of charge (if using our accountancy services) and it will be ready for you to use in as little as three hours
  • Free use of Contractor Umbrella – With IR35 Legislation changes we understand that sometimes you are required to contract via an umbrella company. We will keep your limited company ticking over, while you work margin free via our sister company, Contractor Umbrella
  • A Dedicated Accountant – Your accountant will be there for any company or personal tax advice that you require. We will never outsource work, even to internal teams
  • Free Access to FreeAgent – We offer all of our clients access to FreeAgent, free of charge
  • Free Business Banking – We have decided to waive our commission so our clients can use Tide free of charge for the first year
  • Unlimited IR35 Status Reviews – We will review all of your contracts for IR35 purposes and provide you with our professional opinion as to its status
  • Free Registered and Director’s Service Office Address – Sometimes you just don’t want your home address on display at Companies House. When you sign up to our accountancy services, we will offer the use of our address as an alternative
  • Your Business and Personal Taxation Needs – This includes Company Accounts, Director’s Personal Tax Return, VAT Returns, Payroll, Corporation Tax and Dividend advice, to name just a few

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