How to set up and run a limited company in the UK. How to deal with tax, accountants, employees and legal issues.
If you’re running a company, chances are you’ll take out some kind of business insurance cover. Sometimes this is a mandatory requirement (e.g. Employers’ Public Liability). You may well seek protection to protect your company in case you make a mistake and face potentially expensive claims from clients or other third parties. Here are they key insurance guides you should read:
Professional Indemnity Insurance – in case you make a mistake whilst providing professional advice.
Employers’ Liability Insurance – if you have employees it is compulsory.
Relative Life Cover – life cover, paid for by your limited company.
Public Liability Insurance – essential if you interact with customers or clients.
Tax Investigation Insurance – covers professional representation if you’re investigated.
However, if you own or work for a small limited company you can get life insurance cover without having to pay over the odds while also benefitting from tax relief. This is where relevant life insurance comes in.
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