Help me please, PPI if a director of own company??????

julsjasper

My friend would like to consider claiming back PPI-she has own Ltd company, she works for lots of companies as an interim manager.....what would her employment status be as obviously she doesnt work all the time, she might do a few weeks/months at time and rest of year not working.....thanks for any help :j

dunstonh

what would her employment status be

legally, she is employed. However, in PPI terms, if she is more than 20% share ownership then she would have similar criteria to self employed.

as obviously she doesnt work all the time, she might do a few weeks/months at time and rest of year not working

It doesnt matter when the jobs come. Its whether she is trading or not that matters.

roonaldo

I think that the insurance was completely unsuitable for her employment circumstances. If it came to making a claim it probably wouldnt have paid out. Make a complaint.

dunstonh

roonaldo wrote: »

I think that the insurance was completely unsuitable for her employment circumstances. If it came to making a claim it probably wouldnt have paid out. Make a complaint.

I think it depends on the PPI. If its loan or credit card PPI then chances are the terms would be too onerous and a complaint could well be in order. If its MPPI, then chances are that they would not be onerous and a complaint not justified.

roonaldo

Not really so much of a employed/self employed issue. How can you sell PPI to someone who only works half of the time? She also would probably struggle signing on for JSA let alone claim on it.

dunstonh

How can you sell PPI to someone who only works half of the time?

When it is your own business, your trading time is important and the earnings over the trading period. Whether you actually earn money 365 days a year or say 35 days a year, it doesnt really matter. Some occupations will work for weeks or months on a job and not get paid until the end. If they only do a few of those a year then they may only have a handful of payment points.

roonaldo

Yes I see what you mean. But say she only works 100 days a year or on/off work and cannot find a new contract she I assume is going to want to claim on the policy (if she doesnt want to claim after a period then whats the point of taking the policy?) and may have difficulty as will have to wind up the company/go bust and inform HMRC each time. It's just not suitable for her circumstances.

I too work on this type of basis and just would have great difficulty claiming unemployment, so I dont bother taking one.

dunstonh

I wouldnt take one either and I wouldn't recommend one in this case.