An Interim Manager is a professional who provides temporary management to a client on a contract basis, often during transitional or critical periods of business. This process comes with its fair share of decision-making and risk management.
Our interim manager insurance provides cover for a range of relevant risks, including Professional Indemnity for IT contractors, and low cost Public Liability. Our instant online quote system allows you to get cover for your contract as quickly and easily as possible, with documents downloadable from your online account straight away.
Interim Managers should select the 'Business, Management & Training Consultant' option on the quote engine and then 'Interim Management' on the second option list.
Your end client or agency may expect a particular level of indemnity from your cover, so you should check any contractual requirements.
Most interims are required to carry Professional Indemnity insurance as a stipulation of the contract. Although the majority of work would be signed off by your client, the potential for mistakes always exists and allegations of negligence can often be based on opinion. With that in mind, this insurance will indemnify you in the event of a claim where it is alleged that you have made a financial loss to your client plus the liability found owing.
If you are not the sole employee of your business, even if you simply hire a spouse to do the books, you may be legally obliged to hold employers’ liability insurance.
Tax risks tend to be greater the longer you have been contracting and the greater your income.