Most limited company contractors hold some kind of professional indemnity or liability insurance, and these tend to differ based on the nature of the work you carry out along with the clients you are working for.
The type of cover you require wholly depends on your contract and the type of work you're carrying out. Most contractors choose to hold professional indemnity insurance at a value of £1m, along with Employers Liability insurance at £10m.
The minimum levels needed contractually are generally provided by your agency, but it's important to assess your business risk yourself too, or rely on insurance professionals such as ourselves.
Speak to one of our team today before renewing your construction insurance.
Our aim is always to provide our customers with a first-class service; however, we are aware that, occasionally, it is possible that we may fail to meet your expectations. If for any reason we have not met your expectations, let us know as soon as possible, by calling our main office telephone 01302 910421, or write to The Managing Director, IFS Risk Solutions (UK) Ltd, Apex House, Watervole Way, Doncaster, DN4 5JP.
If we are unable to resolve the issue to your satisfaction by the end of the next business day, we will formally investigate the matter. You will receive an acknowledgement of the matter together with a copy of our complaints process promptly and certainly within 5 working days. We will then aim to investigate and provide a resolution as quickly as possible, informing you of a final response no later than 8 weeks.
If you are unhappy with our decision (or one provided by Lloyd’s where applicable), or if we do not complete our investigation within 8 weeks, you may be entitled to refer your complaint to the Financial Ombudsman Service.
The FOS is an independent service for settling disputes between businesses providing financial services and their customers. This service is free to customers.
Please note that if you wish to refer your complaint to the FOS this must be done within 6 months of our final response letter.
The FOS contact details are:
Financial Ombudsman Service
Helplines: 0800 023 4567 or 0300 123 9123