Taking a risk: contractor insurance

Raining Arrows

As with most insurances, although you pay, pay, pay and rarely get anything back, if you’re a recruiter, freelancer or contractor and you get sued, you’ll be glad you took out professional indemnity insurance. Roisin Woolnough investigates

In the 20 years that Steve Willmore has worked in recruitment, he hasn’t met a single contractor or freelancer who has had cause to call on their professional indemnity insurance. However, that doesn’t mean he thinks that it’s not worth having professional indemnity insurance, also referred to as PI or professional liability insurance.

Whatever it’s called, the...

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