If you want to choose the ideal umbrella company for your contracting job,there are different factors you need to consider. If you’re not sure what to search for comparing umbrella companies can be tricky,but some essential factors could help you to make a comparison between companies. Here are a few of the things you can look at for a fair and valuable comparison within the umbrella market.
Use a Comparison Website
One easy way to compare the umbrella market is to use a comparison website. Comparison websites make it easy to look at companies side by side,with some important factors highlighted. You can personalise the comparison to your needs, but it means handing over your details to the site. You might prefer to compare companies manually,if you don’t wish to do this.
Check the League Table
Another way is to look at the league tables of companies . These can help you to take a quick glance at a number of the facts that are important to take into account. You can see whether it has been checked that the company is compliant and see ratings for every company. Make sure you do rely on those tables,as they won’t necessarily present the entire picture.
Compare Fees
Fees will be one of the things that are most important when you’re comparing umbrella companies. Some companies are more transparent about fees than others,so once you check what you’ll be paying,you want to be careful. In addition to comparing payments,take a look to determine if there might be any additional fees for any of the services you want to access.
Look at Support and Customer Service
You might want to compare the levels of customer service and support available to you from an umbrella company. This can be somewhat more difficult to compare. However, you compare which companies have what and can consider the features they provide. Look at ratings to see what other individuals have to say and one of the ways to check the quality of customer service out is to read reviews.
Find Out About Insurance
If you’re searching for an umbrella company that provides insurance,ensure you check with each company to see what they provide. You should also make sure that your profession is covered under their professional indemnity insurance policy. Some might not be included,so remember to check.
Compare Schedules and Payment Structures
You will also need to know when and how you’ll be paid. Compare the time it requires the company to pay after receiving a timesheet,as well as they make payments. If payments are made by them,how do they do it? Do they utilize Faster Payments so you can get your payment on the exact same day