i need Management Liability insurance
Many contractors and freelancers are advised to form a limited company to minimise tax payments. Happy days when it comes to maximising your pay packet. But what they may not know is that being the director of one brings many legal responsibilities, and can mean you’re held personally liable for your actions or the actions of the company.
If that’s caused a sharp intake of breath, the good news is that Management Liability insurance can protect you against any claims from your clients, while also covering you in the event of IR35 tax investigation by HMRC.
i want to know more…
If you’re the director of a limited company, you’ll want to know that you’re equipped to respond fast to any allegation of a wrongful act. Or, should the Health & Safety Executive or HMRC launch an investigation, that you get the right advice and are legally represented by a team of experts.
In the worst case, this can mean the dreaded IR35 Investigations undertaken by HMRC. These are designed to combat tax avoidance by workers supplying their services to clients via an intermediary. If this happens to you, the correct legal advice needs to be followed immediately to bring the investigation to a swift conclusion and help you get back to your day-to-day business.
