Just about to take the leap of faith and have taken on a long term freelance contract with a company I worked along side on a project a few years ago.
Excited but stressed...so many options and things to consider.
Firstly Sole Trader vs Limited Company...as I am just starting up and not yet savvy with everything what would people advice (pros/cons baring in mind it will be a pretty regular 'wage')?
Additionally I am looking over my contract before I sign and I pulled up a part about Indemnity. When I asked the company they said I am covered by their PI so I don't need that, but I do need Public Liability Insurance. How many of you have Public Liability insurance...is it common place and what exactly does it cover?
Lastly how many of you have Income Protection Insurance? I think I have had about 4 days of in the last 3 years so not sure how valuable this would be as i am still quite young and healthy with no Mortgage/dependents etc.
Just looking for some advice to try and clear the mist.
