Every client I’ve ever had in the UK has required my service company to have indemnity insurance.
It’s even more important if you’re a sole trader because your liability is not limited. If you royally screw something up and get sued, all your assets are on the line.
Indemnity insurance covers you to a certain amount (usually 1,5, or 10 million). And working through a limited company further limits you to losing only what’s in the company, not your personal assets like your home.
Every client I’ve ever had in the UK has required my service company to have indemnity insurance.
It’s even more important if you’re a sole trader because your liability is not limited. If you royally screw something up and get sued, all your assets are on the line.
Indemnity insurance covers you to a certain amount (usually 1,5, or 10 million). And working through a limited company further limits you to losing only what’s in the company, not your personal assets like your home.