Why do I need Legal Expenses insurance?

Legal Expenses Cover

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.

Read more

The Insurance Act 2015: What it means for you

Insurance Act 2015

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?

Read more

The First Annual Kingsbridge Pottery Festival

Kingsbridge Pottery Day

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 PresleyNational 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.

Read more

The Sharing Economy: The Future of Contracting?

Sharing Economy

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.

Read more

How to look after your financial records as a contractor

Financial Records

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.

Read more

Who is fuelling the UK’s contractor growth?

Contractor Growth

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?

Read more

What’s the difference between ‘any one claim’ and ‘in the aggregate’ cover?

Any One Claim Vs. In The Aggregate

At Kingsbridge, we’ve recently made some changes for the better to give contractors even more comprehensive insurance cover.

Previously, our Professional Indemnity cover was offered in the aggregate. However, for policies starting from 1st July onwards we have now improved this by changing the basis of cover to ‘any one claim’. This is great news for contractors, but what does this mean to those not fluent in insurance-ese?

Here, we outline the difference between ‘in the aggregate’ and ‘any one claim’ when it comes to our contractor insurance in order to make a clear distinction between the two.

Read more

Kingsbridge Partners with Zurich

Zurich and Kingsbridge

Kingsbridge are delighted to announce that we have agreed to partner with Zurich Insurance Group from 1st July 2016 onwards. By combining their world-renowned insurance expertise, strong financial rating and global brand visibility with our second-to-none contractor cover we will be able to look after our clients better than ever before, whilst also continuing to grow as a business.

Working with Zurich has allowed us to improve the limit on the Professional Indemnity portion of our insurance package. The limit will no longer be in the aggregate, but will instead operate on an ‘any one claim’ basis with no extra cost involved. For policies starting from 1st July onwards, any Professional Indemnity claims made will now be covered up to the limit selected by the policy holder each and every time a claim is made.

Going forward it’ll also allow Kingsbridge to cover a wider range of occupations, and gives us the ability to broaden the scope of the products we can offer significantly.

Zurich is one of the world’s largest insurance groups, and one of the few to operate on a truly global basis. With over 55,000 employees serving customers in more than 170 countries (including 11,000 in the UK), our clients will be safe in their hands. We look forward to a long and fruitful relationship as Kingsbridge continues to develop and progress.

Contractor Contracts: Risks for Recruitment Companies

Insurance Risk

It used to be the case that once you’d found the right person for a position then your duty as a recruiter was complete. You and your end client would move onto fulfilling the next role, but as terms become more and more onerous in the contract space there’s a few important points regarding insurance that you need to be aware of.

Read more