Insurance backed

Insurance-Backed IR35 Solution

Insurance-backed solution to IR35

The shift in responsibility for IR35 status determination and liability for unpaid tax, means you will need to balance financial risks with the importance of retaining your contractor talent pool. One option is to utilise a reliable insurance-backed solution with tax liability cover. Your role would be assessed at the outset, then re-assessed at regular intervals to ensure compliance.

When would this be the best option?
  • You need resource flexibility

  • You want to protect yourself against IR35 risks

  • When cost is a consideration but you want to maintain control

Benefits
  • Insurance-backed mitigates the IR35 risks

  • Maximises the skills pool available to you and enables you to maintain flexibility

  • Significantly more cost effective than most consultancies (circa 20%)

Considerations
  • Relies on all parties being accountability for their own actions

  • Has the IR35 status of the role been determined already?

Contact us to discuss how this could work for you. Scroll down to see what an insurance-backed model through Cognitive might look like.

Insurance
About Default Image

Why should you consider an IR35 insurance backed solution through us?

Insurance-backed

Cognitive's IR35 Insurance-backed model

Cognitive have carried out a full assessment of the market to ensure we offer you the most comprehensive and reliable IR35 insurance-backed model.

With this cover, you get:
  • Full IR35 Audits

  • Cost of comprehensive status reviews & determinations covered by Cognitive

  • An initial “role determination” as standard in advance of working any of your roles

  • Once you appoint the successful contractor, an individual and insurance backed assessment takes place for you to further verify the correct determination

  • The insurances are up to £200k per contractor & cover both legal costs & liability costs & insures ALL in the fee-paying chain including YOU!

Get in touch to discuss your requirements.

Contact us