It’s that time of year when the words “next year I’m going to drink less/join the gym/lose weight” start popping out of our mouths. Quite often, we really do mean it as well. We’ll then all hurtle into 2020 with the best of intention before promptly giving up on 12th January. But what about making some New Year’s resolutions that you can keep?
Well, perhaps rather than making them related to your personal life, why not attach them to your professional life? This way you set resolutions that you’ll have an incentive to keep – because they’re helping your business in general, not just you personally (although if they’re helping your business then they will also be helping you personally). So, what make good contractor resolutions for 2020?
Get to grips with IR35
The IR35 reforms will be here at the beginning of April whether we like it or not. We know from speaking to contractors that people still have a lot of questions so, one very strong resolution for 2020 that all private sector contractors should be making is to get to grips with the IR35 reforms. Take a look at our overview blog for a quick refresher or browse our IR35 Protect cover options.
Reduce your environmental impact
The climate crisis is very much at the forefront of a lot of people’s thoughts these days, so look at ways you can reduce your business’s impact on the planet. This could be going plastic-free, using more public transport, recycling more, going paperless, using recycled products, or any other measures you can think of. There are lots of useful articles online about ways you can help the environment at work.
It’s very easy to become burned out when you’re self-employed. The pressures of keeping your own business going can be astronomical, but burnout can just make things worse. You end up tired, ill and stressed while still facing those same pressures. Make 2020 the year you plan ahead to avoid burnout by looking at your calendar to identify pinch points and time to take some much-needed R&R. This can be part of a wider overall strategy to take care of your mental health in 2020.
At some point in 2020 you’ll need to look at renewing your contractor insurance so make sure you’re looking at a package that has all the policies you need – including all of the essentials such as Public Liability, Professional Indemnity and Employer’s Liability. Not forgetting all of the other things you may need such as Legal Expenses, IR35, Occupational Personal Accident cover and so on. If you need to, you can give our friendly team a call on 01242 808 740.
From all of us at the Kingsbridge Contractor Insurance Team, here’s wishing you a happy and prosperous New Year.