{"id":58707,"date":"2019-06-18T14:11:35","date_gmt":"2019-06-18T13:11:35","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=58707"},"modified":"2019-06-18T14:11:35","modified_gmt":"2019-06-18T13:11:35","slug":"self-employed-tradespeople","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/hr-skills-news\/self-employed-tradespeople\/58707\/","title":{"rendered":"Self-employed tradespeople exposed to financial risk, says research"},"content":{"rendered":"<h2>A large number of the UK&#8217;s self-employed tradespeople could be personally exposed to the various risks associated with running a business, exclusive research carried out by<a href=\"http:\/\/www.qdoscontractor.co.uk\/\">\u00a0<\/a><a href=\"http:\/\/www.qdoscontractor.co.uk\/\">Qdos<\/a><strong>,<\/strong> has revealed<\/h2>\n<p>The insight suggests that nearly one in three (29%) self-employed tradespeople surveyed do not hold insurance at all, with over half of this group stating they do not believe they need it. This group of workers (83% of whom are sole-traders) do not hold insurance for the following reasons:<\/p>\n<ul>\n<li>53% do not think they need it<\/li>\n<li>25% believe it&#8217;s too expensive<\/li>\n<li>17% have never considered it at all<\/li>\n<li>8% are looking to buy it<\/li>\n<li>1% can&#8217;t find the right policy<\/li>\n<li>1% say they are self-insured<\/li>\n<li>5% stated \u2018other&#8217; reasons.<\/li>\n<\/ul>\n<p>Of the 71% of individuals who hold at least one form of insurance, the most common policy is public liability insurance (64%).<\/p>\n<p>Higher earners (\u00a350k+ annual turnover) are more likely to have insurance in place (95%), while those earning under \u00a350k a year are less likely (63%).<\/p>\n<p>Seb Maley, CEO of Qdos, a self-employment <a href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/construction-changes-insurance\/55489\/\">insurance provider<\/a>, commented: &#8220;Self-employed workers are exposed to all kinds of risks on a daily basis \u2013 many of which they have no control over and cannot see coming. When running a small business, there&#8217;s no escaping the fact that you might have an accident and not be able to work, make a mistake for which you&#8217;re liable or even be investigated by the taxman.<\/p>\n<p>&#8220;Sole traders do not have the luxury of being protected by their limited company either. This means that if an incident does happen, they will be personally liable should they not hold insurance. Given challenging <a href=\"https:\/\/www.gov.uk\/government\/organisations\/hm-revenue-customs\">HMRC<\/a>, for example, can cost individuals thousands of pounds, the old adage it&#8217;s better to be safe than sorry has never been truer.<\/p>\n<p>&#8220;For the thousands of tradespeople subcontracting out work, the complexity of the CIS scheme is also something else to consider. HMRC will have no hesitation in fining self-employed workers \u00a33,000 a time should they incorrectly state the employment status of subcontractors on their monthly returns.&#8221;<\/p>\n<div class=\"mk-custom-module-container\">\n<\/div>","protected":false},"excerpt":{"rendered":"<p>UK&#8217;s self-employed tradespeople could be personally exposed to the various risks associated with running a business, Qdos, has revealed.<\/p>\n","protected":false},"author":20,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[285],"tags":[676,882,283,671],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-58707","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-hr-skills-news","7":"tag-construction","8":"tag-employment","9":"tag-finance","10":"tag-insurance"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Self-employed tradespeople exposed to financial risk, says research<\/title>\n<meta name=\"description\" content=\"UK&#039;s self-employed tradespeople could be personally exposed to the various risks associated with running a business, Qdos, has revealed\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pbctoday.co.uk\/news\/hr-skills-news\/self-employed-tradespeople\/58707\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Self-employed tradespeople exposed to financial risk, says research\" \/>\n<meta property=\"og:description\" content=\"UK&#039;s self-employed tradespeople could be personally exposed to the various risks associated with running a business, Qdos, has revealed\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pbctoday.co.uk\/news\/hr-skills-news\/self-employed-tradespeople\/58707\/\" \/>\n<meta property=\"og:site_name\" content=\"Planning, Building &amp; Construction Today\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/PBCToday\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-18T13:11:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.pbctoday.co.uk\/news\/wp-content\/uploads\/2019\/06\/dreamstime_xxl_21168754.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2000\" \/>\n\t<meta property=\"og:image:height\" content=\"1333\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Elisha Sketchley\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@PBC_Today\" \/>\n<meta name=\"twitter:site\" content=\"@PBC_Today\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/hr-skills-news\/self-employed-tradespeople\/58707\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/hr-skills-news\/self-employed-tradespeople\/58707\/\"},\"author\":{\"name\":\"Elisha Sketchley\",\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/#\/schema\/person\/4ae66827b33682426f672d214cdd7580\"},\"headline\":\"Self-employed tradespeople exposed to financial risk, says research\",\"datePublished\":\"2019-06-18T13:11:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/hr-skills-news\/self-employed-tradespeople\/58707\/\"},\"wordCount\":339,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/#organization\"},\"keywords\":[\"Construction Processes\",\"Employment\",\"Financing\",\"Insurance services\"],\"articleSection\":[\"HR &amp; Skills News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.pbctoday.co.uk\/news\/hr-skills-news\/self-employed-tradespeople\/58707\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/hr-skills-news\/self-employed-tradespeople\/58707\/\",\"url\":\"https:\/\/www.pbctoday.co.uk\/news\/hr-skills-news\/self-employed-tradespeople\/58707\/\",\"name\":\"Self-employed tradespeople exposed to financial risk, says research\",\"isPartOf\":{\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/#website\"},\"datePublished\":\"2019-06-18T13:11:35+00:00\",\"description\":\"UK's self-employed tradespeople could be personally exposed to the various risks associated with running a business, Qdos, has revealed\",\"breadcrumb\":{\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/hr-skills-news\/self-employed-tradespeople\/58707\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.pbctoday.co.uk\/news\/hr-skills-news\/self-employed-tradespeople\/58707\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/hr-skills-news\/self-employed-tradespeople\/58707\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.pbctoday.co.uk\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Self-employed tradespeople exposed to financial risk, says research\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/#website\",\"url\":\"https:\/\/www.pbctoday.co.uk\/news\/\",\"name\":\"Planning, Building &amp; Construction Today\",\"description\":\"The Latest Planning, Building &amp; Construction News\",\"publisher\":{\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.pbctoday.co.uk\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/#organization\",\"name\":\"Planning, Building & Construction Today\",\"alternateName\":\"PBC Today\",\"url\":\"https:\/\/www.pbctoday.co.uk\/news\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.pbctoday.co.uk\/news\/wp-content\/uploads\/2022\/01\/pbctoday-logo-yoast-seo-organisation-1920-1080-001.jpg\",\"contentUrl\":\"https:\/\/www.pbctoday.co.uk\/news\/wp-content\/uploads\/2022\/01\/pbctoday-logo-yoast-seo-organisation-1920-1080-001.jpg\",\"width\":1920,\"height\":1080,\"caption\":\"Planning, Building & Construction Today\"},\"image\":{\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/PBCToday\/\",\"https:\/\/x.com\/PBC_Today\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/#\/schema\/person\/4ae66827b33682426f672d214cdd7580\",\"name\":\"Elisha Sketchley\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/30054ee50e4135840aa91decc99b14268d346fcf23e3f41d0ecfe6c19255e936?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/30054ee50e4135840aa91decc99b14268d346fcf23e3f41d0ecfe6c19255e936?s=96&d=mm&r=g\",\"caption\":\"Elisha Sketchley\"},\"sameAs\":[\"https:\/\/www.pbctoday.co.uk\"],\"url\":\"https:\/\/www.pbctoday.co.uk\/news\/author\/elishasketchley\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Self-employed tradespeople exposed to financial risk, says research","description":"UK's self-employed tradespeople could be personally exposed to the various risks associated with running a business, Qdos, has revealed","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.pbctoday.co.uk\/news\/hr-skills-news\/self-employed-tradespeople\/58707\/","og_locale":"en_US","og_type":"article","og_title":"Self-employed tradespeople exposed to financial risk, says research","og_description":"UK's self-employed tradespeople could be personally exposed to the various risks associated with running a business, Qdos, has revealed","og_url":"https:\/\/www.pbctoday.co.uk\/news\/hr-skills-news\/self-employed-tradespeople\/58707\/","og_site_name":"Planning, Building &amp; Construction Today","article_publisher":"https:\/\/www.facebook.com\/PBCToday\/","article_published_time":"2019-06-18T13:11:35+00:00","og_image":[{"width":2000,"height":1333,"url":"https:\/\/www.pbctoday.co.uk\/news\/wp-content\/uploads\/2019\/06\/dreamstime_xxl_21168754.jpg","type":"image\/jpeg"}],"author":"Elisha Sketchley","twitter_card":"summary_large_image","twitter_creator":"@PBC_Today","twitter_site":"@PBC_Today","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.pbctoday.co.uk\/news\/hr-skills-news\/self-employed-tradespeople\/58707\/#article","isPartOf":{"@id":"https:\/\/www.pbctoday.co.uk\/news\/hr-skills-news\/self-employed-tradespeople\/58707\/"},"author":{"name":"Elisha Sketchley","@id":"https:\/\/www.pbctoday.co.uk\/news\/#\/schema\/person\/4ae66827b33682426f672d214cdd7580"},"headline":"Self-employed tradespeople exposed to financial risk, says research","datePublished":"2019-06-18T13:11:35+00:00","mainEntityOfPage":{"@id":"https:\/\/www.pbctoday.co.uk\/news\/hr-skills-news\/self-employed-tradespeople\/58707\/"},"wordCount":339,"commentCount":0,"publisher":{"@id":"https:\/\/www.pbctoday.co.uk\/news\/#organization"},"keywords":["Construction Processes","Employment","Financing","Insurance services"],"articleSection":["HR &amp; Skills News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.pbctoday.co.uk\/news\/hr-skills-news\/self-employed-tradespeople\/58707\/#respond"]}],"copyrightYear":"2019","copyrightHolder":{"@id":"https:\/\/www.pbctoday.co.uk\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.pbctoday.co.uk\/news\/hr-skills-news\/self-employed-tradespeople\/58707\/","url":"https:\/\/www.pbctoday.co.uk\/news\/hr-skills-news\/self-employed-tradespeople\/58707\/","name":"Self-employed tradespeople exposed to financial risk, says research","isPartOf":{"@id":"https:\/\/www.pbctoday.co.uk\/news\/#website"},"datePublished":"2019-06-18T13:11:35+00:00","description":"UK's self-employed tradespeople could be personally exposed to the various risks associated with running a business, Qdos, has revealed","breadcrumb":{"@id":"https:\/\/www.pbctoday.co.uk\/news\/hr-skills-news\/self-employed-tradespeople\/58707\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.pbctoday.co.uk\/news\/hr-skills-news\/self-employed-tradespeople\/58707\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.pbctoday.co.uk\/news\/hr-skills-news\/self-employed-tradespeople\/58707\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.pbctoday.co.uk\/news\/"},{"@type":"ListItem","position":2,"name":"Self-employed tradespeople exposed to financial risk, says research"}]},{"@type":"WebSite","@id":"https:\/\/www.pbctoday.co.uk\/news\/#website","url":"https:\/\/www.pbctoday.co.uk\/news\/","name":"Planning, Building &amp; Construction Today","description":"The Latest Planning, Building &amp; Construction News","publisher":{"@id":"https:\/\/www.pbctoday.co.uk\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.pbctoday.co.uk\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.pbctoday.co.uk\/news\/#organization","name":"Planning, Building & Construction Today","alternateName":"PBC Today","url":"https:\/\/www.pbctoday.co.uk\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.pbctoday.co.uk\/news\/#\/schema\/logo\/image\/","url":"https:\/\/www.pbctoday.co.uk\/news\/wp-content\/uploads\/2022\/01\/pbctoday-logo-yoast-seo-organisation-1920-1080-001.jpg","contentUrl":"https:\/\/www.pbctoday.co.uk\/news\/wp-content\/uploads\/2022\/01\/pbctoday-logo-yoast-seo-organisation-1920-1080-001.jpg","width":1920,"height":1080,"caption":"Planning, Building & Construction Today"},"image":{"@id":"https:\/\/www.pbctoday.co.uk\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/PBCToday\/","https:\/\/x.com\/PBC_Today"]},{"@type":"Person","@id":"https:\/\/www.pbctoday.co.uk\/news\/#\/schema\/person\/4ae66827b33682426f672d214cdd7580","name":"Elisha Sketchley","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.pbctoday.co.uk\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/30054ee50e4135840aa91decc99b14268d346fcf23e3f41d0ecfe6c19255e936?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/30054ee50e4135840aa91decc99b14268d346fcf23e3f41d0ecfe6c19255e936?s=96&d=mm&r=g","caption":"Elisha Sketchley"},"sameAs":["https:\/\/www.pbctoday.co.uk"],"url":"https:\/\/www.pbctoday.co.uk\/news\/author\/elishasketchley\/"}]}},"publishpress_future_action":{"enabled":false,"date":"2026-09-28 20:19:30","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.pbctoday.co.uk\/news\/wp-json\/wp\/v2\/posts\/58707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pbctoday.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pbctoday.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pbctoday.co.uk\/news\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pbctoday.co.uk\/news\/wp-json\/wp\/v2\/comments?post=58707"}],"version-history":[{"count":0,"href":"https:\/\/www.pbctoday.co.uk\/news\/wp-json\/wp\/v2\/posts\/58707\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.pbctoday.co.uk\/news\/wp-json\/wp\/v2\/media?parent=58707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pbctoday.co.uk\/news\/wp-json\/wp\/v2\/categories?post=58707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pbctoday.co.uk\/news\/wp-json\/wp\/v2\/tags?post=58707"},{"taxonomy":"stakeholder_rel_tag","embeddable":true,"href":"https:\/\/www.pbctoday.co.uk\/news\/wp-json\/wp\/v2\/stakeholder_rel_tag?post=58707"},{"taxonomy":"contributor_rel_tag","embeddable":true,"href":"https:\/\/www.pbctoday.co.uk\/news\/wp-json\/wp\/v2\/contributor_rel_tag?post=58707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}