At Kingsbridge, we regularly get asked what the difference is between public liability insurance and professional indemnity insurance. A lot of people think they’re the same thing and wonder why both are included in our combined contractor insurance policy. The fact is, they’re different things and, as a contractor, you will more than likely need both. We’ve written this article to clearly lay out what the differences are.
That’s Isaac Newton’s Second Law of Motion – an equation that laid the foundation stone for classical mechanics. It’s unlikely that, back in 1687, Newton could have foreseen that this seminal piece of work would have been applied to 12 people running around a football pitch in Tewkesbury on a Wednesday evening encased in transparent plastic orbs, but it turns out that there are few better examples of force being the sum of mass multiplied by acceleration.
Friday 16th September marked the day of the 2016 edition of the prestigious UK Broker Awards. Kingsbridge were nominated in four categories – the Digital Broker Award, the Best Employer Award, the Customer Service Award, and The Broker’s Insurer of the Year. We were delighted to take home the trophy for Customer Service, triumphing against some hardy competition. It was a just reward for the tremendous hard work our team put in every day, and we were particularly pleased to be recognised for our contribution by our peers and contemporaries within the industry.
Kingsbridge sent a delegation of 10 to attend and much fun was had by all. Expertly compered by Romesh Ranganathan, the day was a great success full of great food, sharp suits, and the occasional misplaced bid on a signed Eric Cantona shirt. We’d like to send a hearty congratulations to our fellow winners and nominees, and a big thanks to the team behind the awards for a superbly orchestrated day. Enjoy a selection of photos from the event below. Here’s to next year!
The idea of Legal Expenses cover may seem a bit scary, especially if you are just starting out as a contractor. After all, we’re sure you don’t intend on getting embroiled in any legal battles!
But, intentions aside, being a contractor does carry risks and it can be unexpectedly easy to find yourself in the middle of an unforeseen dispute — whether because of something you’ve done, or even because of something a client has done.
The Insurance Act 2015 came into effect on 12th August 2016, meaning there will be some changes to taking out and making a claim on your contractor insurance. The aim of the act is to modernise insurance law, making it simpler and easier for business customers to receive claims paid by insurers, whilst ensuring that insurance contracts are still fit for purpose.
So what are the big changes when it comes to your obligations?
Throughout the annals of history, many significant happenings have taken place in August. The Perseids metor shower. International Clown Week. The birth of Lawrence of Arabia. The death of Elvis Presley. National Chop Suey Day. Despite such a momentous month hardly needing any further excitement, we threw caution to the wind and last week hosted the inaugural Kingsbridge Pottery Festival. To those who may previously have considered the insurance industry to be stuffy, boring, or strait-laced – consider yourselves forever rebuffed. Needless to say, much fun was had by all.
Between bitter leadership contests, attempted coups, police shootings, and a series of appalling terrorist attacks it’s no surprise that some things get lost in the news cycle of today. As such, you could be forgiven for missing the current upheaval surrounding the so-called ‘Sharing Economy’ and the brewing media-storm around the rights of those who choose to work within its borders.
Whether you set yourself up as a Limited Company or as a Sole Trader, looking after your financial records is vital to ensure you pay appropriate Income Tax, National Insurance, VAT, Corporation Tax, Student Loan Repayments or anything else that may be applicable to your situation. We’ve taken a look at what constitutes best practice so that you can make sure you pay the right amount and don’t face any repercussions for underpayment.
Earlier this month we covered our sponsorship of two great undertakings by two different groups of people: Pennon’s trip from John O’Groats to Land’s End, and Giles Derry of Dunedin’s mammoth journey across Italy and into France.
We recently received a nice letter from the lovely people at Pennon letting us know how exactly they got on.Read more
The UK contractor industry overall has seen a sustained period of growth over the last few years, with the number of contractors reaching never seen before levels, and making a huge economic impact. The reasons for this are well documented already, with key factors being people creating their own jobs after the economic crash, as well as people becoming increasingly aware of the benefits of a strong work-life balance.
But exactly who are the people and industries fueling this growth?