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IT Contractor Insurance

A group for IT contractors to club together and get a better deal on the insurances they need

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About this group

Getting insurance as a contractor in the UK is complicated and often expensive; and we want to change that.

We're starting with Professional Indemnity Insurance. Current PI Insurance policies are inflexible, and often inconvenient to arrange. Already we've used the collective buying power of this group to negotiate a discount on Professional Indemnity Insurance which can be bought online and "hibernated" when you are out of contract. Please join the group to find out more.

Our next objective will be to make it easier for contractors to arrange the protections against accident and sickness which corporate employees enjoy as part of their benefits packages. This currently involves a mix of income protection insurance, critical illness insurance, family income benefit, and life assurance - which is unnecessarily complicated.

Finally, we want to tackle health insurance. The only reason health insurance is more expensive for contractors than for corporate employees is that contractors lack the buying power of large organizations - and therefore have to pay a staggering premium on health insurance which effectively subsidizes members of corporate schemes.

The aim of this group is to make IT Contractor insurance better by enabling contractors to leverage their collective buying power. So if you know other IT contractors who would benefit from this, why not invite them to join too?

Sam Gilbert By Sam Gilbert
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234 Members

Current Offer

10% Discount on Professional Indemnity Insurance and Public Liability Insurance with Policybee

We've agreed a 10% discount on IT Contractor Professional Indemnity and Public Liability Insurance with Policybee - an insurance broker specialising in professional insurance.

Policybee work with insurers like Hiscox to provide professional insurance for IT contractors, but they can also arrange alternative cover with specialist insurers or on the Lloyd's market if needed. The reasons we chose Policybee were as follows:

  • Policybee offers the flexibility to "hibernate" insurance cover between contracts

  • Cover starts from as little as £15.30 per month, for £100,000 of professional indemnity insurance and £1m of public liability insurance

  • You can buy online, and pay by direct debit, Paypal, credit card, or debit card

Please refer to the FAQs for an explanation of how policy hibernation works.

Policybee - IT Contractors
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10% Discount on Professional Indemnity Insurance and Public Liability Insurance with Policybee

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Bought By Many Ltd is a company registered in England and Wales with number 7886430. Address: 1-10 Summers Street, London EC1R 5BD. Bought By Many Ltd is authorised and regulated by the Financial Conduct Authority - Register number 652623. This register can be checked for details of our permissions, history and contact details.