As a freelancer, this is something I have looked at long and hard....
Balpa were utterly and totally useless (as they seem to be with anything one actualy needs help with) and when I did find a broker who thought he might be able to help......the sort of premiums were north of £20 000 per annum!!!!!
I do operate through a limited company and have made it clear to those for whom I provide my services that as between them and me the veil of incorporation exists and all they will ever get is £100 being the value of my company.
In reality, as others have said, this is scarce comfort because in the event of a proven negligent act on my part, its open season on my family assets for anyone who has suffered forseeable loss.
So it is very simple..........keep your fingers crossed or put your assets beyond reach by giving them to wife etc.. (in which case youd better draw up some declaration that these were not a gift intended for her benefit in order to rebut any presumption of gift in case you end up in a divorce court)
Did I mention how annoyed I am with Balpa and their pathetic advice???
