Umbrella Company Insurance You Can Trust

Umbrella company insurance needs are unique. Your size, structure and type of company all play a part in the insurance you need.

Insurance for umbrella companies can include:

• Professional Indemnity: Safeguards you against claims of negligence from clients, a must-have for any professional service.
• Employers’ Liability: Protects you if somebody you technically employ (including contractors) gets injured on the job – crucially, this cover is a legal requirement for most companies.
• Tailored Coverage: Beyond these essentials, assess your specific risks. This may include data breach protection or cyber liability insurance, depending on your operations.

Confused about what coverage is right for your umbrella company? Don’t worry! Our team can guide you through the process, ensuring you have the right protection in place.

Protect your business from costly legal action with Professional Indemnity Insurance. This cover can protect you from financial losses if a client sues you for:

• Offering inaccurate or misleading advice
• Failing to conduct thorough background checks on contractors or employees
• Accidentally exposing a client’s confidential information

The policy can also extend to claims for defamation or intellectual property violations.

Professional mistakes happen, even to the most diligent. Professional Indemnity insurance ensures peace of mind, knowing your business won’t be left financially vulnerable in the event of an error.

Retroactive cover means that your policy will cover claims made against work carried out before your policy started, and therefore you are required to provide a retroactive date as will appear on your current policy.

Professional indemnity claims operate under a “claims made” basis, which means you must have insurance in place at the time of the claim. This only covers claims made when the policy is active, and not claims made prior to the commencement of your policy.

Continuous coverage ensures you’re protected for past work, even if a claim arises later.

Public liability insurance, also known as general liability insurance or third-party liability insurance, helps shield you from common daily risks. It safeguards against two key perils: damage to property owned by customers or members of the public, and physical injury to a customer, visitor, or passerby.

In the event that a third party suffers injury or property damage due to your business operations, you could be held liable. Even with utmost care, accidents like trips and slips can occur. Regrettably, such incidents often lead to legal ramifications. This is where your public liability insurance steps in, covering damages, compensation, or legal expenses stemming from the claim.

Drivers’ Negligence Insurance shields you from financial liabilities arising from damage to a client’s vehicle due to the negligence of a supplied driver. Here’s why it’s significant:

• Client satisfaction: By preventing minor repair claims from affecting a client’s insurance premiums, it fosters positive client relationships.
• Increasing demand: As more clients request this coverage, it’s vital to meet their evolving needs.
• Key clarification: This insurance is tailored for damage to the client’s vehicle and does not cover third-party property or injuries.

Vicarious Liability Insurance broadens your professional indemnity coverage, shielding you from the repercussions of negligent acts committed by workers you provide to clients.

Here’s why it’s crucial:

• Contractual obligations: Certain client agreements mandate this coverage, leaving you at risk without it.
• Enhanced liability: Unconventional terms can unexpectedly amplify your accountability for worker conduct.

Speak to us for more information if you believe this may be beneficial to your company.