Changes to Labour only and Bona fide subcontractors calculations

We’ve changed the way that we calculate our labour only (LOSC) and bona fide (BFSC) subcontractors.

These changes have made our liability products more competitive.

Our prices are determined by the number of payments per year. Previously, this assumed a salary of £20,000 for LOSC & £25,000 for BFSC.

The Changes – Amount attributed per salary:

WasNow
LOSC£20,000£25,000
BFSC£25,000£30,000

This increase in salary amount makes the terms of liability products for LOSC and BFSC more favourable.

Visit our Liability page or Contact Us for more information.

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Air Underwriting is a trading name of R K Henshall & Co Ltd. R K Henshall & Co Ltd are Independent Intermediaries and are authorised and regulated by the Financial Conduct Authority Registration Number – 308865. Directors: J.R. Henshall B.A.(Hons) ACII Cert CII (FS), A.J.Simpson ACII, A.Brown FCCA. Company Secretary: A.Brown FCCA. Registered No. 1285024 England