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Indemnity Insurance

  • 22-11-2022 8:32pm
    #1
    jordanbag
    Registered Users, Registered Users 2 Posts: 16 ✭


    Hi there,

    I am currently completing a university course and am trying to gain experience in the sector, so I am undertaking some research projects for some consultancy companies on a paid basis. I do this alongside my full time job. I don't charge a lot - around €100 per day- but I want to purchase indemnity insurance just in case. To purchase this insurance, do I need to be registered as self employed? I find this all totally confusing as I work in the public sector so I would greatly appreciate any help.

    Post edited by Jim2007 on


Comments

  • #2
    peteb2
    Registered Users, Registered Users 2 Posts: 1,813 ✭✭✭peteb2


    No. you dont need to be registered as self employed. You can be jordanbag and just insure as yourself.



  • #3
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,610 Mod ✭✭✭✭Jim2007


    You could try and get insurance as an individual, but in reality it is likely that such insurance will be very limited or alternatively very expensive.

    Realistically if you are doing something that has the potential to expose you to considerably risk of a loss, then you should probably reconsider your pricing model or limit your exposure via your contract.



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