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Contractor Insurance
Prices of the Caunce O'Hara Schemes We have teamed up with one of the UK's leading brokers (Caunce O'Hara who are General Insurance Standards Council registered (GISC)) to provide a very competitive Professional Indemnity and Liability package. Caunce O'Hara have negotiated an exclusive Lloyd's regulated insurance scheme. Joining the scheme couldn't be easier and just involves making a five minute phone call to our office 01480 470220 (or from the end of January filling out our on-line application form)
Professional Indemnity The Professional Indemnity prices are as follows - prices are per annum. NOTE - prices are dependent on the fee income bracket of the company (last years fees). For start-up companies, please use a 12 month projected figure.
Fee Band GBP
Limit of Indemnity/Premium - GBP
Excess
100,000
250,000
500,000
1,000,000
2,000,000
GBP
£0 - 50,000
165
170
200
245
430
250
£50,001 - 100,000
208
230
300
370
580
500
£100,001 - 150,000
260
328
390
546
720
500
£150,001 - 200,000
312
390
468
656
860
500
£200,001 - 250,000
390
488
585
820
1,075
500
£250,001 - 300,000
468
585
702
984
1,290
500
£50,000 Legal Expenses cover available for an extra £75.00 per annum
(Insurance Premium Tax of 5% is included in the above premiums).
Employers/Public Liability Insurance is an additional policy (and can be bought separately) that provides the following cover.
Total Cost of package
£112 per annum
Includes £5 million Employers Liability (£10,000,000 available for extra £52.50pa)
Includes £1 million Public Liability (£2,000,000 available for extra £26.25pa, £5,000,000 available for extra £52.50pa)
Includes £5,000 equipment cover 'all risks'
You can easily increase the cover at only £5 per £1000 or include some cover away from the office £10 per £1000 UK, £20 per £1000 EU or £30 per £1000 Worldwide
All included in above cost
(Insurance Premium Tax of 5% is included in the above premiums).
