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Professional Indemnity Insurance and Liability Insurance for the Self Employed

As a freelancer, it is important that you stay protected by taking out appropriate insurance. Professional indemnity insurance will give you peace of mind that you are ready should you face action for damages or losses that clients claim to have suffered as a result of your work.

Our insurance partner Hiscox offers expert help and assistance to help you find an insurance product to suit your own requirements. The whole process is quick and easy, from obtaining quotes to purchasing a policy and receiving all your necessary certificates and paperwork by email.

What is it?

Professional indemnity insurance helps you stay protected and meet legal costs should one of your clients raise a claim or pursue compensation related to work that you have done for them. For example, if you are a PR professional a client may feel an error or omission that you made in publicity material has inadvertently damaged their reputation. For IT developers, delays in delivering a key project may also lead to a compensation claim from a client who feels the delays have caused them financial losses.

There are many other situations where a client may launch a claim for compensation or attempt to recover damages from you in relation to delays, negligence or errors, but suitable professional indemnity insurance can help you cover legal costs to contest such claims or cover the costs should you end up having to pay compensation.

Do the self employed need insurance cover?

If you are carrying out work for clients, whether from your own premises or at a client’s site, then there are numerous situations where you can have a direct impact on their business, which means you are taking on a certain level of responsibility. You should consider taking out cover if you:

  • Give professional advice to individuals or companies
  • Have direct responsibility for intellectual property belonging to your client
  • Provide any kind of service which a client could challenge if they do not feel it is up to the required standard or quality
  • Are responsible for handling sensitive data belonging to your client or their company

The benefits of taking out professional indemnity insurance through Hiscox

Hiscox offers a flexible service which can be tailored to suit your industry and your own personal circumstances, with varying levels of cover worth up to £10 million available over the phone or up to £2 million if purchased online.

Being self employed means flexibility is key and you can find the perfect Hiscox policy to suit your needs, with a range of policies available which have been designed to meet the needs of your specific profession and the risks that you can face within your industry.

Even if you have started working before taking out an insurance policy, then you can apply for retrospective cover which means you are covered against future claims against work you may have carried out in the past.

Get your personalised professional indemnity insurance quote online at www.hiscox.co.uk/SJD or call 0845 512 1895.

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Why Clients Choose Easy Accountancy

Easy Accountancy offers a low cost, fixed fee accountancy package with all clients receiving their own dedicated, friendly, approachable accountant.

All of our accountants specialise in providing accountancy services to the self-employed, freelancers, sole traders, small to medium sized limited companies and private individuals. All accountants are employees of Easy Accountancy and we never outsource or offshore work.

Our low cost, all-inclusive fixed-fee accountancy service includes unlimited access to your own dedicated accountant throughout the year and covers all your business and personal tax affairs needs.

All our accountancy services include:
  - Unlimited access to your accountant
  - Ongoing advice on how to manage your business
  - Proactive tax advice throughout the year
  - Updates and reminders so you'll never miss a deadline
  - Free bookkeeping software

As a sole trader our fees start at just £30 + VAT a month, for this you receive the above plus:
  - Completion of your Self-Assessment tax return
  - Advice on how much Income Tax to pay
  - Guidance on National Insurance contributions

As a limited company our fixed fee packages are bespoke to your needs, however typically you’ll receive the above, plus:
  - Completion of your year end accounts*
  - Completion and submission of your annual return Companies House
  - The director/s Self Assessment tax return
  - Payroll bureau
  - Dividends and corporation tax computations

We’ve saved our clients up to half on their accountancy bills – if you’d like a quote, click on the quote me button to the right of this page. Alternatively, call us on 0500 234111 / 01442 275767 or email heather@easyaccountancy.co.uk.

*If you would like us to complete your company year end accounts we simply ask that you have been a client of Easy Accountancy for one year or have made 12 monthly payments.