We understand Contractors and their specific needs and most importantly the fact that you just want to get on with what you do best. Thats why we have teamed up with a few other specialist companies to ensure we can offer a complete package, not just your accounts but insurance and an Employee Benefits Package as well. These packages are tailored to Contractors and an outline of each can be seen below.
Combined Insurance Package
The package includes:-
- Public and Employers Liability
- Professional Indemnity
- Cyber
- Property
Premiums start at £200 and the majority are quoted online.
Case Study 1
Sole trader web designer.
- Public Liability 1 Million
- Professional Indemnity 250,000
- Crisis containment following cyber breach 25,000
Annual premium 259.00. Payable by 12 interest free instalments.
Case Study 2
- Employers Liability 10 Million
- Wage roll:2 clerical @50,000
- Manual installers @20,000
- Public Liability 2 Million
- Public Liability 2 Million
- Turnover 150,000
- Professional Indemnity 500,000
- General Contents 1,000
- Computers 2,000
- Stock routers etc 1,000
Annual premium 650.00. Payable by 12 interest free instalments.
Employee Benefits Package
Whilst no one wants to think about it, providing for loved ones if you are unable to work, is important. Our package ensures you have a business succession plan and business continuity plan in place for you and your family.
The package includes the following key benefits.
- Death in service – Provide lump sum money for your loved ones should the worst happen
- Arrangement of a Company pension – Provide money for your future when you don’t want to work as hard
- Sick Pay – Provide an income should you suffer an illness preventing you from working
This package typically works out at a one off fee of £250/year
Package fee would include:
- Initial consultation to understand you, your business and future plans
- Research and plan for your business ie pension contributions, levels of cover, investment strategy etc
- Implement the plan and policies
(One off fee excludes monthly contributions towards pension and insurance premiums)
Other services often taken up by other Contractors are as follows.
- Mortgages
- Pension consolidation work
- Savings & Investments
- Insurance & Protection
I was recommended to use Meacher-Jones almost 10 years ago by a fellow contractor and I have never looked back. They offer a simple, affordable package that takes care of all my accounting needs and ensures all HMRC requirements are met.