Finding the Best Umbrella Company

Good Better Best

One question often asked by those new to contracting is:

• "What's the best umbrella company?"

This is a good question and it's important to understand exactly what is meant by the phrase ‘the best umbrella company'.

How do you find the Best Umbrella Company?

There are a number of different ways to assess an umbrella company and to fully understand what an umbrella company is really like underneath the glossy image, you need to decide first what you are looking for.

Here are the top two categories which most contractors are interested in:

• The best umbrella company
• The cheapest umbrella company

There are many umbrella companies which will charge you less than £10 per week. Given that the average is over £25 per week you would say that £10 is cheap. But does that mean they are the best umbrella company?

No, not always. Sometimes going with the cheapest umbrella company can be a false economy. This is not meant to be a sweeping generalised assessment and there are umbrella companies who are cheap and also very very good.

Answer These Questions

So, how do you find the best umbrella company when there are over 100 to choose from? First off, do not make your judgment on cost alone. We all know times are tough and every penny counts, but the other factors which must be considered are:

• What do other contractors think about ‘X' umbrella company?
• What net pay does an umbrella company give you?
• What do the experts think?

Only when you've answered these questions will you be able to say you've found the best umbrella company for your needs.

Of course it's difficult for most new contractors to find out what other contractors think about the umbrella company they are currently using. It's equally tricky to compare umbrella companies on the net pay you can expect to receive - after all, who's got the time (apart from Contractor Supermarket!) to make over one hundred twenty-minute, phone calls!

• Equally, how many independent umbrella company experts do you know?

Mercy Of The Umbrella Company

Contractor Supermarket has done all the hard work for you. Click here to see the top ranked umbrella companies. It has a list of the top one hundred umbrella companies, with reviews, ratings and rankings of every single one of them.

• This means you can make an informed choice and certainly helps you choose the best umbrella company for your needs.