rewardsme business insurance was born to give the freelancer, the contractor and the business owner, the best business insurance and truly reward them for loyalty.

We do this by building in discounts to our professional indemnity policies – and the longer you stay with us, the better the premium gets (up to a maximum of 5 years’ discount on our professional indemnity policy)

But we don’t stop there. With cash back and extra perks, our business insurance gives you more even if you never use it.

We’re industry veterans who have been in the financial services space for many years. We’re part of Kingsbridge Risk Solutions Limited, which is owned by NSM Insurance Group, one the world’s leading specialty insurance providers.

We’re trying to make business insurance fun when it’s known to be anything but…. but we’re not messing about when it comes to protecting you and your business.

That’s because we’re made up with people like you. We’ve been self-employed and know what it’s like to be your own boss. With decades of experience in the contractor insurance space, we also know what sole traders, freelancers and contractors need.

All of our insurance products are underwritten by FUL who are A-rated – so if you need to make a claim, you’re in safe hands. We’re FCA regulated – our name, address and status can be checked on the FCA’s website at www.fca.org.uk/register or by phoning 0800 111 6768.

You can contact us by using our live chat service or choosing an option from our contact page.

Professional Indemnity insurance (also known as professional liability insurance) is a commercial insurance policy that protects you from professional negligence claims made by clients during the course of business.

No legislation makes professional indemnity cover compulsory, but many clients and recruiters stipulate that a policy is required. You may also have to show confirmation of insurance.

Professional Indemnity insurance covers professional negligence, loss of private data or documents, loss of money or goods, defamation and breaching copyright or confidentiality.

Public liability cover is essential to protect your business against injury and property damage claims from members of the public. It covers bodily injury or property damage to a third party, compensation payments, repair costs, professional fees and medical fees.

Public liability isn’t a legal requirement, but if you need to be part of a supervisory body or trade organisation, it may be a condition of membership. Additionally, you could need a policy to qualify for a contract from a client or recruiter.

This really depends on how exposed you are to the risks of a claim, from third parties or members of the public.

You should spend time considering the appropriate level of public liability coverage necessary for your business.

No. Public liability isn’t a legal requirement, but if you need to be part of a supervisory body or trade organisation, it may be a condition of membership. Additionally, you could need a policy to qualify for a contract.

Yes, there are standard exclusions like contractual liability, pollution, professional services, aircraft, vehicles, war, nuclear, asbestos and prior known claims may be excluded.

Short answer:
Personal accident cover is not a legal requirement in the United Kingdom.

The long(er) answer
Occupational personal accident insurance pays you a weekly benefit if you can’t work because you were injured while doing your job or commuting to and from a place of work. If you can’t continue to work, or worse, the policy pays a lump sum out to you or a designated individual.

Pre-existing conditions are excluded. Non-work related accidents are excluded, as are pre-existing conditions and high-risk activities.

Occupational Personal accident insurance starts from £50 + Insurance Premium Tax, but varies depending on your personal circumstances.

Legal Expenses insurance provides cover to protect your business in the event of legal action. Tax, VAT, NIC investigation, Jury Service, Debt recovery and Contract disputes are included.

Short answer
IR35 Investigations, Legal Expenses for Tax, VAT, PAYE and NIC investigations, Contract Disputes, Jury Cover, Debt Recovery, Identity Theft, Personal Injury.

The long(er) answer
The policy covers professional fees incurred to defend HMRC enquiries, such as VAT, PAYE, or NIC.
Legal defence and other professional fees up to £100,000 are covered if you are subjected to an IR35 enquiry by HMRC under the off-payroll working rules.

Short answer
We think legal expenses cover is well worth considering.

Long(er) answer
There is no legal requirement to have it, but legal expenses could protect you where other insurance products don’t.

From £74.50 a year (£6.21 a month).

Short answer
Pre-existing issues are excluded.

The long(er) answer
Our legal expenses insurance have a number of exclusions, including divorce, separation and family law, wills, probate or trust(s).

Short answer:
Business Equipment cover insures you against theft, damage or loss of the equipment that you need to carry out your job.

The long(er) answer
If the laptop you use for work is stolen, damaged or lost, then business equipment cover can step in to repair or replace it so that you can get back to work as soon as possible. Cover is not just limited to laptops; it covers all equipment you use to operate your business.

If you rely on equipment such as laptops, mobile phones or other electronic equipment to do your job, then business equipment cover could be essential if things go wrong.

Could you continue to operate your business at full capacity if the laptop you use to provide your services is stolen or damaged beyond repair? If not, then business equipment cover may be for you. It covers the costs of replacing or repairing the equipment that is essential to the operation of your business.

Short answer
The level of cover you need depends on the value of the equipment you need to be insured.

The long(er) answer
You should ensure that the level of cover is adequate to cover all of your equipment that you wish to insure. We offer the following limits; £1,000, £2,000, £5,000, £7,500 & £10,000. If you have equipment valued at £8,000 then to ensure you fully cover this you may choose to opt for £10,000. The maximum amount of equipment we can cover is £10,000 but if your equipment is worth more than this we are grateful for all feedback as we look to continue to enhance our product.

Short answer
The cost of business equipment cover can vary but we charge a set-premium based on the limit of cover you select.

The long(er) answer
Business equipment can vary in cost across all providers but at Rewardsme we have set premiums depending on the limit of cover selected:

£1,000: £49.50 +IPT
£2,000: £74.50 +IPT
£5,000: £125.00 +IPT
£7,500: £145.00 +IPT
£10,000: £200.00 +IPT

Currently we can cover up to £10,000 worth of equipment but we are grateful of all feedback as we look to enhance our product.

Short answer
The first £100 of each and every claim is not covered (known as the excess) and the full list of exclusions can be found in the policy wording.

The long(er) answer
Each business equipment policy may have slightly different exclusions and excess amounts. For example, our business equipment policy has a fixed £100 excess which means the first £100 of any claim will not be covered. Other exclusions centre around not leaving your equipment negligently unattended or damage as a result of mechanical or electrical breakdown. Full details of the exclusions can be found within the policy wording.”