Also, offers them with Public Liability insurance cover and Employer's liability which acts as a risk cover for the contractors. Almost all the administration, credits, tax regulations, paper works and filling, etc. are handled by the Umbrella companies though the share of contractor is there but, in a very nominal amount. In today's world, an Umbrella Company is intended to resolve the IT contractors with potential assistance to meet their business requirement in the best possible way and vice versa.