Office insurance cover is an absolute must, if you want to stay in business indefinitely. It is also a way of gaining credibility with your customers, as it creates the impression of a level playing field. It won’t be a case of one rule for one person and one for another. In the eyes of the law, you are no different to a large company who employs a vast number of staff.
In IT, most contractors are required by law to have the right level of insurance cover. All sole traders and one-man-bands had to set up a limited company. With this limited status, comes a need for special limited liability insurance, which has two clearly distinct areas to consider:
1. General liability: covers all damage that you may cause whilst on the employer’s premises, extending to injury or damage to a member of the public.
2. Professional liabilty: This is the part that covers any errors and omissions arising during the entirety of the contract. An industry-specific example might be cover for litigation as a result of forgetting to licence a picture from an online library.
You will need a different insurance cover, if you make a living using a van. Specific business van insurance is available and is tailored towards the insurance of the precious cargo contained within. Some of the benefits that you should expect are:
1. 24 hour breakdown recovery: coverage over a twenty four hour period for breakdown and recovery.
2. Vehicle replacement: if your vehicle is involved in an accident it will be replaced by this cover.
