By February 28, 2014Uncategorized

Are you looking to work in the UK as a Self Employed individual or setting up a Company?

If you work in the UK you need to be aware of certain Insurance requirements and what other covers are available to you.

Jaggi & Co are an Independent Insurance Broker servicing clients since 1972. We offer a very personal service on all aspects of Insurance including Employers Liability, Public Liability and Professional Indemnity. Here are some useful definitions:

Employers Liability:

If you are a Company in the United Kingdom employing full, part time or temporary staff, you have a legal obligation to purchase Employers Liability Insurance. This will protect you against your legal liability to pay compensation to employees who are injured or fall ill arising out of their employment.

An example: An Employee suffers a cut hand whilst working in a Joinery workshop. Their solicitor writes to you and claims that the working environment was not safe and they are pursuing you for loss of earnings and a payment for pain and suffering. 

Public Liability: 

This will provide cover against your legal liability to pay compensation to third parties for accidental bodily injury or accidental damage to property. Annual premiums start at £78.75* for £1,000,000 worth of cover. (* includes 5% Government Insurance Premium Tax).

An example: A plumber accidentally puts a nail into a central heating pipe. The subsequent flood causes significant water damage.

Professional Indemnity: 

This cover will protect a professional person (e.g. doctor, solicitor, accountant, IT consultant) against claims to pay damages and costs to those sustaining loss through a breach of professional duty.

An example: An IT consultant accidentally erases a client’s database causing costly repairs.

Other Services

• Cover for assets such as Buildings, Machinery, Contents & Stock etc.
• Security advice
• Health & Safety guidance

How to contact us

Jaggi & Co
15 Adelaide Road
Southall, Middx UB2 5PX

Phone: +44 (0) 208 574 6835
Fax: +44 (0) 208 574 3336

Jaggi & Co Limited is Authorised and regulated by the Financial Services Authority. Registration No. 183921.
Registered in England. No. 3194815