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Whether you’re new to the contracting game or a self-employed professional with years of experience under your belt, Kingsbridge is here to make sure that you don’t have to go it alone.

Being a contractor is all about having freedom, flexibility and independence. But it can leave you exposed. With Kingsbridge, you don’t have to shoulder the risks all by yourself. Our great value and comprehensive business insurance package for contractors can step in to meet the requirements of your contracts and to be there as a failsafe if the unexpected happens.

The policy is backed by Zurich Insurance PLC, an AA rated insurer. Over the last five years, our claims acceptance rate has an acceptance rate of 94%. You can find out more about our claims successes here.

We’re experienced and knowledgeable, and our products are tailored to the needs of contractors like you. Simply put; we’ll have your back and be there if things go wrong, leaving you to focus on doing what you do best.

COMPREHENSIVE INSURANCE PACKAGE

At Kingsbridge, we focus our energy on one thing, and one thing only; simple, compliant and comprehensive business insurance for contractors. Our core product has been built around the requirements of self-employed contractors, sole traders and freelancing professionals. It takes the headache and complication out of contractor insurance by providing one product, perfectly tailored to fit your needs, with simple-to-understand limits and one clear, inclusive price.

Our full package cover includes five complete business insurance products in one easy-to-manage bundle:

- professional indemnity;

- public liability;

- employers’ liability;

- directors’ and officers’ liability;

- occupational accident insurance.

This cover means you are comprehensively protected from the major risks of running your own contracting business. The policy offers global cover as standard (excluding USA/Canada), but this can be easily added on if required. We’ve got policies for on and offshore workers, and we offer cover for previous work, meaning that you can get insured wherever you work and whatever experience you hold. Our generous policy limits are designed to be comprehensive and cover an extensive range of professional occupations.

BENEFITS OF KINGSBRIDGE

At Kingsbridge, we have many years of experience in providing specialist business insurance to contractors. Having insured over 50,000 customers and worked with over 500 recruiters and partners, you can trust Kingsbridge has the experience to ensure your requirements are met.

Money talks in business. Kingsbridge offers the best value cover for the lowest possible price with our Price Promise. Our insurance is a tax-deductible business expense and a key IR35 indicator. We offer flexible payment options so you can spread the cost of your policy and all our insurance packages can be bought online.

We listen to customer feedback, and are extremely proud of our 4.8 star customer experience rating on Feefo. We’re small enough to understand the unique needs of our clients but big and experienced enough to give you expert support.

WHAT INSURANCE DOES KINGSBRIDGE OFFER?

Our full cover contractor insurance package has been specifically tailored to meet the demands of the contracting landscape. Our policy offers five insurance products for contractors in one simple, compliant, comprehensive package:

PROFESSIONAL INDEMNITY

Professional indemnity protects you from the financial consequences of professional negligence. This includes giving bad advice to making a mistake during your work. This policy will cover your legal defence costs and any damages awards to the claimant. 

PUBLIC LIABILITY

Public liability insurance provides cover when a third party is injured or their property is damaged due to the actions of a limited company contractor or business. It will cover the costs of any damages awarded, as well as any related legal fees, costs, or expenses. 

EMPLOYERS' LIABILITY

For some businesses, holding employers' liability insurance is a legal requirement. The employers' liability legislation requires all employers to provide legal liability cover for their employees in case they suffer injury as a result of their activities at work.
This could be if you employ a spouse or close family member in an administrative or clerical role, and also if you have to utilise the substitution clause of your contract, a key IR35 indicator. For this reason, a level of employers' liability insurance is often stipulated in contracts from agencies and end clients, along with public liability and professional indemnity limits. 

DIRECTORS' AND OFFICERS' LIABILITY

As a self-employed professional contractor and director of your own company, you can be held personally liable for a number of offences related to the running of your business, such as financial mismanagement or grievances.
If someone thinks you've not been playing by the rules then they can take legal action against you. Directors' and officers' liability will provide cover for legal defence costs and protect your financial assets. 

OCCUPATIONAL PERSONAL ACCIDENT COVER

Contractors who are injured whilst working can experience a significant financial loss. Personal accident cover from Kingsbridge will pay up to £500 a week whilst you recuperate. On top of that, should your accident leave you with a permanent disability, or cause your death, a lump sum up to £100,000 would be paid out.

Our comprehensive package policy includes personal accident cover as standard. Please note that some policies, such as our trades policy and some lower-level package policies, do not include personal accident cover. In some cases, this can be added for an additional charge. You can check your cover in your policy documents or by contacting us.

WHAT SHOULD I CONSIDER?

There’s a lot to love about contractor life. You choose your hours, set your own rates, and work on the projects that interest you. But it’s also important to be aware of the risks that you shoulder when you go it alone. You could be vulnerable to financial loss and legal repercussions if any of the following questions apply to you:

- Do I give professional advice?

- Will I get paid if I'm injured at work?

- Do I employ my spouse?

- Do I visit my clients' premises?

- Do my clients visit me?

- Do I have legal duties operating a limited company?

- Do I need funds to defend against any actions made against me; even unfounded ones?

Kingsbridge’s comprehensive insurance package for contractors is designed to ensure that you’re protected and covered against all of these risks, and many more.

Our cover will make sure you are legally and financially secured against common risks in business, while also fulfilling your contractual obligations to your agency or clients with regards to liability.

CONTACT US

If you have any questions about our policy or cover, give our friendly team a call on 01242 808740 and they’ll use their contractor insurance expertise to talk through your needs.