Payments and Insurances
Getting paid
We understand the importance of ensuring our freelancers are paid on time, every time. We take pride in offering a stress-free accounting service for our freelancers and we are always at hand to offer advice and assistance as required.
Invoices
Please could you submit your invoices to accounts@preciseconsultants.com at the end of each month then finally on the project end date. Make sure to clearly state your banks details (and currency if different from invoicing currency) and any special payment requirements.
Payment terms are 30 days from invoice date.
Timesheets
We ask that you please submit signed timesheets at the middle and end of each month then finally on project end date.
Expenses
Just like your invoices, it is vital that your expenses are reimbursed quickly and efficiently.
To ensure your expenses are reimbursed promptly, please submit your expenses in tandem with your invoices using the expense template provided (accompanied by scanned receipts).
We are also happy to accept expenses via apps such as Expensify (Expensify is an app available on Android and iPhone that allows you to photograph and submit your expenses via your phone: www.expensify.com).
Unfortunately, no expenses can be settled without all appropriate receipt information and we ask that all expenses are claimed within two months of the end of your assignment as claims after that period can result in your expenses being rejected for payment.
Currency conversion
We can make invoice payments to you in your native currency through our foreign exchange brokers. Our brokers will almost always provide a better conversion rate than the banks. If you would like to use this service please request one of the following options when submitting your invoice:
- Option 1 - Get an exchange rate on the date of your invoice, to be paid 30 days later.
- Option 2 - Get an exchange rate on the date your invoice falls due
If you have any further questions about invoicing, expenses, currency conversion or payment, please read our Frequently Asked Questions or email sami@preciseconsultants.com
Insurance
Precise Consultants operates with insurance cover and professional indemnity protection extending to contractors and clients. We are one of a few offshore recruitment agencies that offer freelancers Professional Indemnity (PI) in addition to Public Liability Insurance as standard. Precise Consultants operate a range of insurance policies. We work in adherence to our clients’ contractual requirements and offer the following insurance positions - where these policies differ or extend to other areas we will notify you directly.
Professional Indemnity
Professional Indemnity (also referring to Errors or Omissions) is where an individual gives advice or a professional opinion that is subsequently found to be incorrect and where the party to whom that advice was given suffers injury, damage or financial loss.
Credit Insurance
We are fully credit insured with Credit Indemnity & Financial Services (CIFS) acting as our underwriters. In order to make sure that the freelancers work through us will always be paid on time regardless of any extenuating circumstances.
Public Liability
We provide cover if, through your negligence, you cause loss or damage in the course of your business to other people or other people’s property and a claim is made against you*. However, NO COVER will be provided in the event of your gross negligence.
*Insurers will arrange legal representation
Business Travel
Precise Consultants provide business travel insurance for all freelancers when working on a project. Insuring you against loss or theft of luggage and also ensuring medical assistance is available in emergencies.