Umbrella & Payroll Insurance
Workforces depend on businesses like yours to make employment and payroll work properly. That deserves specialist insurance built with a proper understanding of how the model works.
No two umbrella companies are the same.
An umbrella employing office-based contractors can present very different insurance considerations from one employing drivers, healthcare professionals, construction workers, engineers or offshore workers.
Your workforce, occupations, sectors, contracts and business model can all influence your insurance requirements.
For businesses including:
As the legal employer, your business has responsibilities towards the people it employs.
Helps protect against eligible claims involving injury to third parties or damage to their property.
Protection against eligible claims arising from professional services, errors or omissions.
Helps your business respond to cyber attacks, data breaches and digital disruption involving employee, payroll and financial information.
Helps protect directors and senior decision-makers against certain claims arising from management decisions.
Protection against specified financial losses arising from risks such as employee dishonesty, fraud and forgery.
For an umbrella company, the insurance exposure doesn't stop with the payroll operation itself. The work employees actually undertake, and the contracts under which they're supplied, can materially change the risks the business carries.
An umbrella can become legally responsible for certain actions undertaken by employees while carrying out their work.
Employing drivers can create occupational and contractual risks that aren't necessarily addressed by standard liability insurance alone.
Where employees undertake clinical or healthcare work, specialist Medical Malpractice protection may be required.
These occupations can introduce additional liability, territorial and contractual considerations.
Agreements with recruitment agencies, MSPs and end clients can contain indemnities, hold-harmless clauses and specific insurance obligations.
If your umbrella employs people across different professions, trades or sectors, start with a conversation about how your business operates.
For umbrella and payroll insurance, Captivo works alongside Caunce O'Hara Insurance Brokers (COHIBL), an FCA-authorised commercial insurance broker with longstanding experience across the umbrella, payroll, contractor and recruitment sectors.
COHIBL works with more than 100 umbrella and payroll businesses and provides specialist broking support across a wide range of professions, trades and sectors.
Captivo connects you with the specialist insurance team at COHIBL, who can assess your requirements, provide insurance advice and arrange appropriate cover.
Still not sure? Call us on 01225 284968.
Umbrella companies can employ large numbers of workers undertaking very different occupations while also accepting contractual responsibilities to recruitment agencies, MSPs and other clients.
Yes. An umbrella employing predominantly office-based consultants can present different risks from one employing drivers, healthcare professionals, construction workers or offshore engineers.
There isn't one package that's right for every umbrella business. Employers' Liability, Public Liability and Professional Indemnity commonly form part of the programme, while Cyber, D&O, Crime and specialist covers may also be relevant. COHIBL can assess your requirements and advise on appropriate cover.
Yes. We can introduce you to COHIBL, who can review your existing arrangements alongside your current workforce, activities and insurance requirements.
Yes. Larger workforces can introduce greater complexity around occupations, contractual responsibilities, limits and programme structure.
Drivers, healthcare professionals, construction workers, engineers, offshore workers and other specialist occupations can require different insurance considerations.
Umbrella and payroll insurance is handled on a more consultative basis. Tell us a little about your business and we'll connect you with the specialist team at COHIBL.
