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The insurance that employers must take out is referred to as Employer's Liability Compulsory Insurance (sometimes referred to as "ELCI"). [1] As well as being insured, employers must post details of the insurance for staff to see. This requirement applies to most companies; exemptions include public organisations and certain micro companies.
The UK government intensified its efforts to respond to the cost-of-living crisis in May 2022, with a £5 billion windfall tax on energy companies to help fund a £15 billion support package for the public. The package included every household getting a £400 discount on energy bills, which would be in addition to a £150 council tax refund the ...
During the 2020s, a cost-of-living crisis impacted many countries around the world amid global inflation. [3] [4] In February 2023, 3 out of 4 consumers globally were worried about the rising cost of everyday expenses. [5] The Big Issue defines a cost of living crisis as ‘a situation in which the cost of everyday essentials like groceries and ...
[1] [3] Depending on the project, there may be endorsements providing additional coverage such as Contractors Pollution Liability (CPL), Builders Risk Insurance, terrorism insurance and umbrella insurance. OCIPs are also frequently referred to as "wrap-up insurance" or "wrap policies" in the insurance industry.
ContractorUK reports on a wide range of issues that face contractors. This includes changes made by HMRC as well as the introduction of new and changes to existing tax legislation. It has covered the most pressing issues in the contracting industry such as IR35 , EBTs and BN66 .
It was established in 1999 as the Professional Contractors Group, a protest group against the IR35 tax statute. [1] Later, it expanded its responsibilities to cover the wider interests of freelance consultants and contractors as a representative body for freelancing in the UK. It is a company limited by guarantee, owned and run by its members.
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