As a freelance IT contractor, you may not only face litigations from clients but there might be many other problems as well. As a self-employed IT Contractor you will not earn any money unless you do some work; Injury or illnesses may hinder you from carrying out your work; when you are out of work, you may run into financial difficulties, etc.One solution for all these problems is IT contractor insurance. Trends are increasing, claiming professional indemnityfrom contractors even when a small mistake is made. The clients have become much more aware about the laws that protect them and thus can call in allegations even if you cause them a minimal loss of money. Thus, IT contractors need insurance, as even a single claim could ruin your entire business.
IT Contractor Insurance can help in mitigating the risk of legal claims, and is ideally suited for sole contractors because the risks are shared by many policyholders, making the compensation cost equal the size of their business. Indeed, the cost of defending a major claim far exceeds the premium cost and can threaten many small businesses of complete extinction.
You may consider getting your insurance for IT contractors right away. Get your insurance quote now! Visit www.freelanceinsure.co.ukfor details.
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