Contractor Insurance

Hiscox logo

Hiscox offers a range of business insurance products for small office based professional businesses and contractors in the UK. Over 400,000 businesses trust Hiscox to insure them as they understand the need for flexible cover so that you can tailor your policy to suit your individual business needs.

We have a range of insurance policies available to help contractors operate their businesses effectively. These include:

The following insurance policies are also available via a selection of ContractorUK's other trusted providers:

Which IT contractor insurance do I need?

Making sure you have the right business insurance is important, but with so many products to choose from it’s hard to know where to start. That’s why Hiscox have created an easy to follow decision tree to help you understand the insurance you might need -you might find this Contractors' Guide to Insurance helpful too.

Top 3 reasons contractors might consider business insurance

As a contractor, it's up to you to ensure that you have measures in place to protect your business against risks.

Insurance cover available

Professional Indemnity Insurance

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.

Business Liability Insurance

Public liability insurance covers compensation you have to pay a client or member of the public due to accidental injury or property damage.

Office insurance

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).

Cyber and data risks insurance

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.

Personal accident insurance

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

Contractor IR35 Insurance

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).

Health Insurance

Health Insurance for UK Contractors

As a contractor, you want to enjoy all the benefits that come from leaving permanent employment. However, with this freedom comes a risk that your income could be disrupted by a routine operation or unforeseen illness. Every day that you are not able to work is a day’s income lost.

Find out 5 benefits of Private Medical Insurance (PMI) for contractors here.

Income Protection Insurance

Guide to Income Protection Insurance for IT Contractors

Income Protection - as a contractor you are completely exposed to financial hardship in the event of even a minor illness or accident. Protect your current lifestyle with a specially tailored income protection package.

Relevant Life Cover

Relevant Life Insurance for Contractors

One Man Ltd company Contractors can fund life insurance through the business with no income tax or benefit in kind considerations thanks to a change in legislation that means smaller companies now have the chance to tax efficiently provide death in service benefits for their employees. Find out more on saving tax on your relevant life insurance here.

Life Insurance

Life Insurance for Contractors

We know it’s not something you like to think about but Life Insurance offers your family an essential safety net if the worst should happen. Thankfully, you won’t need to dwell on the subject for too long as the ContractorUK Money Club has all the answers you need...

Critical Illness Insurance

Critical Illness Insurance cover for Contractors

Protect yourself from the devastating effects of serious illness with a Critical Illness policy that pays a lump sum to help fund convalescence, changes to the home or repay your mortgage to relieve pressure on your budget if you cannot work.