Contractor, sole trader or employee: what`s the difference?
Taking the decision to go self-employed can be a difficult one. After all, there are so many variables that you…
Whether you’re a freelancer, contractor, or small business owner, running your own business comes with risks. You’re juggling multiple clients,…
Whether you’re a freelancer, contractor, or small business owner, running your own business comes with risks.
You’re juggling multiple clients, projects, and deadlines, while striving for exceptional results. Although you can’t predict every eventuality, you CAN take steps to protect yourself from the financial impact of unexpected problems. Which is where business insurance plays a vital role.
Business insurance helps mitigate the risks associated with your work, offering financial protection against a range of potential issues, from client disputes to workplace accidents.
At Kingsbridge, we understand the needs of freelancers, contractors, and small businesses, and we offer a range of specialised insurance solutions to help you manage the uncertainties of the modern workplace.
Combining Public Liability, Professional Indemnity, Employers’ Liability, and other forms of insurance, SME Insurance from Kingsbridge protects you against potential damages, tax liabilities, claims against your business, and many of the hazards you face each day.
The Kingsbridge SME Insurance package includes:
SMEs often work in environments where accidents can happen. Kingsbridge Public Liability Insurance covers claims for injuries or property damage caused to third parties during work activities, reducing the financial strain of unexpected incidents.
Kingsbridge Professional Indemnity Insurance covers errors, omissions, or advice that could lead to client disputes, a crucial safeguard for consultants and service-based enterprises.
Kingsbridge Employers’ Liability Insurance helps meet legal requirements and protect against claims from employees injured or ill due to workplace conditions.
Kingsbridge insurance packages ensure small business owners are well-equipped to handle unexpected events, leaving them free to focus on growth and success.
Contractors and freelancers often juggle multiple projects, clients, and risks, making comprehensive cover essential for ensuring financial stability and professional security.
Kingsbridge Contractor Insurance gives protection against possible damages, tax liabilities or claims against you. It is also a potential indicator that you hold an outside IR35 status, which can help show you are a legitimate business. Your recruiter or end client will likely require that you hold insurance, so it will help you win work.
The Kingsbridge Contractor Insurance package includes:
Professional Indemnity Insurance protects against claims arising from mistakes, negligence, or unsatisfactory work. This is particularly valuable in professions where delivering advice or services carries inherent risks of liability.
Freelancers often work in environments where accidents can happen. Kingsbridge Public Liability Insurance covers claims for injuries or property damage caused to third parties during work activities, reducing the financial strain of unexpected incidents.
If you’re a self-employed person who experiences an occupational personal accident, either in the workplace or during a commute, it could drastically impact your income.
With Kingsbridge’s Personal Accident cover in place, you’ll receive a weekly sum of up to £500 while you recover. There’s also provision for a substantial payout if the injury leaves you permanently unfit for work.
Employers’ liability insurance provides vital protection for companies with staff. It helps businesses pay compensation and legal costs if an employee gets injured or becomes ill due to their work and you, as the employer are held liable.
As a director of your limited company (perhaps the sole director), you could find yourself held accountable if the business is ever accused of financial mismanagement, a health and safety failure, a breach of legislation or of breaking company law. Therefore, director’s and officers’ liability insurance covers the legal fees, which are sometimes considerable.
Kingsbridge Trades Insurance provides robust and flexible cover to protect sole traders from the unexpected – like claims made due to injury, loss or damage to property or injuries to members of the public – allowing them to focus on running their business with confidence.
It’s a policy package tailored to provide the most comprehensive cover a self-employed contractor could ever need.
The Kingsbridge Trades Insurance package includes:
Protects against claims of negligence, errors, or omissions in services or advice provided to clients. This is especially important for sole traders in consultancy, design, or advisory roles, where even minor mistakes could result in costly disputes.
To cover unforeseen accidents, Kingsbridge Public Liability Insurance shields sole traders from claims of injury or property damage caused to third parties during their work.
Covering any injury to an employee. £10,000,000 any one claim limit with no facility to alter/remove.
Providing cover for legal fees a sole trader could be held accountable for if their business was accused of financial mismanagement, a health and safety failure, a legislative breach or a breach in company law.
Occupational Personal Accident provides cover if you are injured at work or when commuting to work. This could either be a weekly amount of £500 a week, or a lump sum, depending on the circumstances.
Unlike many providers, we offer tools cover as a standard part of your policy, ensuring your essential equipment is protected.
Kingsbridge also offer adjustable liability limit options, suited to each trades profession, and can insure many niche or large risks at affordable premiums.
By offering tailored, comprehensive insurance solutions, Kingsbridge helps small business owners, sole traders, freelancers, and contractors like you safeguard your livelihoods, ensuring you remain resilient in the face of challenges, and prepared for success.
For business insurance that’s right by you, contact Kingsbridge today.
Get a quote in less than 5 minutes!
Yes, even if you work from home, you can still face risks, including client disputes, data breaches, or accidental damage to a client’s property.
Professional Indemnity Insurance and Public Liability Insurance make sure you’re covered no matter where you work, giving you financial protection and confidence.
If a client claims that your work caused them financial loss or harm, insurance like Professional Indemnity covers the costs of legal defence, settlements, or compensation. This protection makes sure your business can survive disputes without suffering a devastating financial burden.
Yes. Kingsbridge offers specialised packages that include cover for your essential tools and equipment as standard, at no extra cost. So, whether they’re damaged or stolen, you won’t be left out of pocket and can quickly get back to work.
Kingsbridge can advise you about your specific situation, and provide the right cover, should you need it.
Kingsbridge offers insurance that can cover international projects, giving you protection no matter where your work takes you (subject to some exclusions). It’s important you let us know about the details of your overseas work so that we can provide full cover.
Public Liability Insurance covers claims for injuries or property damage caused during your work, while Professional Indemnity Insurance protects against claims of negligence or errors in your professional advice or services.
Many professionals need both types of insurance to fully protect themselves against a range of risks, which is why Kingsbridge’s packages combine these, giving you reassuringly comprehensive cover.