Press Release: APSCo Affiliate of the Year awarded to recruitment specialists Kingsbridge Contractor Insurance

Kingsbridge Awards

01/11/16

FOR IMMEDIATE RELEASE

Tuesday 18th October saw the second major award win of the year for the team at Kingsbridge Contractor Insurance. Following on from their triumph at the 2016 UK Broker Awards, where they won the prestigious Customer Service Award, Kingsbridge went on to collect the gong for Affiliate Member of the Year at the 2016 APSCo Awards for Excellence.

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Is there a gender divide in contracting?

Gender Divide

The number of independent professionals — be they contractors or freelancers — is certainly on the rise in recent years, with more and more people declaring themselves self-employed. But is there a gender divide when it comes to contracting and, if so, why might that be?

As we recently reported, there is a growing number of women taking to freelancing, with roughly 40% of freelancers identifying as female. Contracting is a slightly different story, however. Figures from across different sectors back in 2014, including IT and financial services, suggest around one in five contractors were women. Although we know numbers have grown in the last couple of years, they are not growing at the same pace as female freelancers — something we at Kingsbridge can attest to.

So why are women favouring freelancing over contracting? This could be down to a couple of reasons that perhaps demonstrate more ingrained gender divides across UK employment in general.

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APSCo Awards for Excellence 2016: Affiliate Member of the Year

APSCo Affiliate Member of the Year

Fresh from our victorious evening at the 2016 UK Broker Awards (which you can read about here), we spent yesterday at the 2016 edition of the APSCo Awards for Excellence. Having spent the day in excellent company in the fine surrounds of the RBS Building in London’s Bishopsgate, we were delighted to pick up the award for Affiliate Member of the Year.

We’d like to say a big thank you to everyone at APSCo for the award, for their impeccable hosting skills, and for the lunchtime feast. We’d also like to thank the guest speaker, the ever insightful Andrew Burke. It was a pleasure seeing familiar faces and meeting new ones too.

To be recognised by APSCo, and to receive such a prestigious award, was a proud moment for everyone at Kingsbridge. We’re already looking forward to next year. Time for us to order a new trophy cabinet!

What is IR35?

What is IR35?

IR35 is something that often comes up in discussions about contractor accounts and taxation. But what exactly is it and what does it mean for you? This article aims to give a straightforward definition of what IR35 is and what it’s designed to achieve.

A simple definition of IR35

IR35 is a part of the 2000 Finance Act that’s designed to prevent tax avoidance in certain circumstances. Specifically, it relates to people who perform the same functions as a business’s employees, but pay less tax by operating as self-employed contractors through a limited company.

So, if you left your job and then went back to the same company the following week and performed the exact same role but as a self-employed contractor via an intermediary limited company, IR35 legislates that you would pay more-or-less the same tax and NICs as regular employees of the business.

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No Email Day at Kingsbridge

Kingsbridge No Email Day

On 19th October Kingsbridge will be hosting our first No Email Day (inspired in no small part by Paul Lancaster’s original idea). We’ll be placing a block on internal emails only – emails out of the business will still be permitted. You might be thinking of doing your own, or just wondering what it might involve. Here’s how we’re doing it, and why:

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Public liability and professional indemnity insurance: what’s the difference?

PI vs. PL

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.

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Kingsbridge Go Zorbing

Zorb Football

 

\mathbf {F} ={\frac {\mathrm {d} \mathbf {p} }{\mathrm {d} t}}={\frac {\mathrm {d} (m\mathbf {v} )}{\mathrm {d} t}}.

 

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.

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UK Broker Awards 2016 – Customer Service Award Winners

UK Broker Awards

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!

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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.

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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?

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