Contractor Insurance

Life Insurance services for contractors provide vital financial security for individuals working in non-traditional employment arrangements.

Relevant life insurance services tailored for IT contractors provide essential financial protection and peace of mind.

Critical illness insurance provides financial support when you need it most, offering a lump-sum payment upon diagnosis of a covered serious illness such as cancer, heart attack, or stroke. This coverage helps alleviate the financial burden of medical expenses, lost income, and lifestyle adjustments, allowing you to focus on recovery.

We offer a range of income protection services, including short-term coverage for unexpected disruptions, long-term disability plans, and tailored solutions to ensure financial stability during periods of illness, injury, or other unforeseen circumstances.

As a contractor, your income stops when you can’t work. Critical illness insurance ensures you’re financially protected if you're diagnosed with a serious illness by paying out a lump sum—unlike life insurance, which only pays on death.

Relevant Life Insurance offers contractors a tax-efficient way to provide ‘death-in-service’ benefits through their limited company. This policy allows your business to pay for life insurance, delivering a tax-free lump sum to your family or financial dependents in the event of your death or terminal illness.

As a contractor, life insurance is crucial—it replaces the "death in service" benefits you left behind when you went freelance. It provides financial security for your family, paying off debts, covering funeral costs, and ensuring your loved ones have an income in your absence.

As a contractor, if you don't work, you don't get paid. Unlike permanent employees, who have sick pay and other safety nets, you're on your own. That's why income protection is essential.

Provides financial protection for your company and is designed to meet the cost of defending claims made against you, including damages that may become payable.

You can also find out more about run-off cover for Professional Indemnity Insurance here.

Public liability insurance covers compensation for accidental injury or property damage to a client or the public.

The Hiscox office contents policy protects home or office-based small businesses if your business equipment is accidentally damaged, lost or stolen. You can also add a range of specialist covers to your policy such as portable equipment (e.g. laptops), and business interruption (cover for the financial losses that result from being unable to trade due to an unexpected interruption).

The Hiscox cyber and data risks cover supports and protects businesses if they experience a data breach or are the subject of an attack by a malicious hacker that affects their computer systems. It provides comprehensive cover, simplicity, reputation protection and a trusted partner in the event of a claim.

What would happen to your business if you, or a key employee, are unable to work after an accident? Hiscox personal accident insurance can help protect against the financial impact of this by providing your business with a lump sum or weekly amount.

If you would like a tailored quote visit www.hiscox.co.uk/business-insurance/contractoruk or call 0800 280 0359. Monday to Friday - 9am to 5pm. (closed on Saturdays, Sundays and Bank Holidays).

Policies are underwritten by Hiscox Underwriting Ltd on behalf of Hiscox Insurance Company Ltd. Hiscox Underwriting Ltd is authorised and regulated by the Financial Conduct Authority and Hiscox Insurance Company Ltd is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority.

Business Support Hub

Already a Hiscox customer? Get access to a handpicked range of free or significantly discounted services; legal support & contract reviews provided by Lawbite, employment and HR advisory services, a finance finder using Swoop to raise capital and support via GovGrant to maximise access to any credits or eligible tax relief – all of which is aimed to help your business survive and thrive through this difficult time. Find out more

With the current uncertainty surrounding the IR35 legislation, one way you can protect yourself is by taking out IR35 insurance (also known as tax liability cover).