Rank: Forum user 
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Hi everyone, wonder if I could ask for some advice / guidance;
I'm currently employed as HSE Manager at a relatively small engineering company, and am looking at the possibility of branching out into delivering training.
I've got a young family and am happy with having a regular income and therefore have no intention of leaving, although the company is quite reliant on a few large contracts and when the next one comes to an end I think they would be very flexible to me reducing the number of days I work.
My question is, if I were to offer things such as the IOSH working safely and Manual handling would I be best to set myself up as a sole trader and if I did this would I keep paying PAYE tax on my wage and completing a seperate self assessment for the sole trader with the wage as additional income in there?
As I'm not offering advice, do I need proffesional indemnity insurance? Do I need any form of insurance?
Just to reiterate, I'd be intending this as an additional income stream - perhaps 2 or 3 days a month?
Any thoughts, comments or advice would be much appreciated.
Thanks in advance, Steve.
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Rank: Super forum user
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Yes you will need insurance - I would say you are offering advice, via whatever you are training
Any client worth their salt won't let you work without insurance cover.
For that type of training you propose and for the time you have available - are you going to make that much extra money to make it worthwhile.
Given the daily rate for such training is quite low
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Rank: Super forum user 
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Steve,
I left my main employment just over a year ago to start up as a consultant & became a sole trader for this area of work, which meant separating out this income from other work that I still do under PAYE, including a separate bank account.
PI & PL Insurances are not that expensive, given the area of work that you are proposing, however, anything involving asbestos or construction greatly increases the premiums!
If you send me a PM, I would be happy to share the cost of these & details of my present Insurer.
If not, then good luck!
Zyggy
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Rank: Forum user
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JJ Prendergast
you raise a good question as to whether it would be worth my while, answer is I'm not sure. What really made me think was a couple of weeks ago, an opportunity to do some working safely training fell into my lap (the contact needed it doing very urgently and was willing to pay whatever to make it happen), but I wasn't set up to do anything about it. If there were only very small costs associated with setting up as a sole trader, including insurance etc, I was thinking set it up and run with it, if I only do a day a month (or less) whilst I'm employed then fine, and if I ever need / want to ramp it up then its all set up waiting.
Zyggy
Thanks - I'll PM you.
thanks again for taking the time to comment.
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Rank: New forum user
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Hi
I have a part time salaried job and i also work as a sole trader providing H&S advice and training. I have just completed my second year. I have insurance (professional indeminity and a small public liability) which is relatively cheap, i have my iosh membership and my OSHCR fees and thats about it! I love the flexibility of working for myself whilst having the security of a salary at the same time. I have busy periods when its completely manic and i work 5 days a week but generally i do 3 days as i have a young family and prefer to work part time.
Good luck - its a big step but well worth it in my opinion!
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