Business Insurance for Contractors
For energy contractors working either onshore or offshore, arranging business insurance to satisfy contractual terms can often be a complex process. Sourcing competitive quotes for business insurance can be both confusing and time consuming.
That is why we have teamed up with specialist insurance providers, Kingsbridge Professional Solutions (KPSol) who have simplified business insurance for energy contractors by designing a comprehensive, industry compliant and competitively priced insurance package specifically for the energy industry.
Their online solution is available 24 hours a day, seven days a week. Whether your work is manual or non-manual, offshore or onshore you can purchase business insurance immediately.
Why do I Need Insurance?
If you are operating as a contractor through your own limited company, you will have certain responsibilities and it is important that both you and your clients are protected.
In the vast majority of cases, contract conditions will insist that you hold professional indemnity, public liability and in some cases employers' liability insurance as standard. Failure to provide your insurance documents can be a breach of contract and could lead to your contract being terminated.
Having business insurance in place also adds credibility and is a very important part of running your business responsibly. Wherever you are working, you have a duty to protect anyone who might be affected by your actions; if your actions led to something being damaged or someone getting injured, a claim could be made against you.
What insurance should I have?
Contact Kingsbridge Professional Solutions