Orange Genie Accountancy & Business insurance with Kingsbridge Contractor Insurance

Once you have completed your limited company formation, as the Director of your own company you will need to consider whether you need, or are indeed required by your contract, to take out any business insurance. 

Genie Accountancy recommend and work closely with Kingsbridge Contractor Insurance, an A-rated insurer who have been advising freelancers and contractors on insurance for several years. Kingsbridge offer advice on a complete range of insurance products that can be transacted online in a matter of minutes - all types of policies, designed especially for contractors and freelance professionals, including professional indemnity insurance for contractors working in the UK and throughout the world, can be bought online.

Kingsbridge offer a 10% discount for all Orange Genie clients, find out more here . Alternatively, for further information get in touch with our dedicated contractor accountants, call on: 01296 468 185 or email accountancy@orangegenie.com.

Professional indemnity

Professional indemnity insurance provides cover for the financial consequences of professional negligence. If a client alleges you've made a mistake, or if you've made an error whilst working, then your legal defence costs, as well as any damages awarded to the claimant, will be covered, allowing you to get on with the important business of running your company, safe in the knowledge that you're protected.

Public liability

Public liability insurance provides cover for any damages awarded to someone because of an injury or damage to their property caused by a freelance contractor or their business. It'll also cover any related legal fees, costs, or expenses. There isn't a legal limit to the level of public liability insurance a freelance contractor is required to hold, but it's likely you'll require at least £5,000,000 in public liability cover to comply with the contractual obligations of your client or agency.

Employers' liability

We know what you're thinking here: why do I need employers' liability when I don't have any employees? One word: compliance. Employers' liability insurance is a compulsory insurance for all employers with limited exceptions in law. For some contractors, holding 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. Clients and agencies will often insist on proof of your cover arrangements, and usually request employers' liability, public liability and professional indemnity. We know it can be frustrating, but this is  included  to make sure you're fully covered, that you tick every box, and that you can work for anybody you like.

Directors' and officers' liability

As a self-employed professional contractor and director of your own company you can be held personally liable for any number of reasons. If someone thinks you've not been playing by the rules then they can take legal action against you. Directors' and officers' liability cover will provide for legal defence costs and will protect your financial assets. If your business is accused of financial mismanagement, of a legislative breach, of a health and safety failure, or of breaching company law, then your policy steps in.

Occupational personal accident cover

If you're injured as a result of an occupational accident and are unable to work, then the chances are you'll be looking at a significant financial loss. With personal accident cover, you'll be paid a weekly benefit whilst you recuperate, no matter who's to blame for the injury. On top of that, should your accident leave you with a permanent disability, or cause your death, a lump sum will also be paid out.

Kingsbridge offer a 10% discount for all Orange Genie clients, find out more here. Alternatively, for further information get in touch with our dedicated contractor accountants, call on: 01296 468 185 or email accountancy@orangegenie.com.

Why Orange Genie Accountancy?

Orange Genie Accountancy offers fixed fee accountancy packages to contractors and freelancers. Each client has unlimited access to their own dedicated approachable and friendly accountant. All Orange Genie Accountancy accountants are specialists in the contracting market, so they can give you bespoke, high quality advice.

We will always keep you informed about anything that could affect you and your company. Our relationships with our clients are extremely important to us so we'll be in touch often, whether it be face to face, over the telephone or email.

Our packages start at £75 + VAT a month for an online service. Our most popular package is £120 + VAT a month which provides you with your very own dedicated accountant as well as:

  • Unlimited accountancy support
  • Face to face meetings so we can get to know you and understand your contracting goals
  • Proactive contact
  • Director and employee payroll
  • Annual Return
  • Self-Assessment Return
  • A fully compliant service so you are safe in the knowledge that you are meeting your legal obligations
  • Access to the Freeagent Software, which is updated in real time so you can always see how your business finances are looking

​And much more, includingaccess to wealth management advice, IR35 reviews and pensions planning. 

If you would like to appoint Orange Genie Accountancy as your accountants please either fill out our enquiry form or give one of our friendly expert accountants a call on 01296 468 185 or email accountancy@orangegenie.com

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