Insurance, Professional Indemnity Insurance: Explained
What is Professional Indemnity Insurance? It is a form of insurance that protects a practicing professional from third-party claims by dissatisfied clients during the course of service provided to them. Even, the most respected and well-established cannot eliminate the risk of error, omissions and negligence. Besides these factors, professional indemnity can be taken for averting situations like breaching intellectual rights, loss of confidential data/documents, dishonesty and such others.
How it protects a professional? Having a good insurance policy protects a professional in so many ways.
- In situations when a professional commits a mistake or involves in a dispute with a client and turned into an unpleasant legal battle between both the parties. Insurance policy can defend your claim by paying all your legal fees and compensation claims.
- With a good insurance policy, you can sort out your problems at initial level only. You do not have to suffer problems when they turned big and worst.
- In case, you have lost some important documents or data while working for the client, you are liable to pay for the damages. Situations when your employees get involved in any theft activity, you will be held responsible for paying off the compensation.
Additional Benefits: With professional indemnity insurance, you can access to specialist claims staff and expert advisors who know about your working model. You can also get the help of a specialized defending team who will fight for your interests in a court. Professional insurance also minimize your business legal costs. Insurance policy providers work hard to protect your honor and credibility as an expert professional.
For further information on Professional Indemnity Insurance, PI Insurance for UK professionals please contact Coulson Pritchard Associates directly on 01480 470220 or visit at www.coulsonpritchard.com
Related Tags: professional indemnity, professional indemnity insurance
Your Article Search Directory : Find in Articles
Recent articles in this category:
- Motor Trade Rundown
It is not just cars that must be insured on British roads, every type of motor vehicle is required b - Claiming Compensation For Defective Products
Compensation claims for injury and damage caused by faulty, defective products normally target eithe - Ideas To Uncover Affordable Rate Auto Coverage
These days, everyone is looking for ways to lower expenses. Certain costs like home and car insuranc - Should It Be Illegal For People To Drive Without Vehicle Insurance?
There are many drivers on the road who drive un-roadworthy vehicles. The worst part is not that they - Do You Need Static Caravan Insurance?
Static caravan insurance is an automobile insurance that deals with vehicles that are used while on - Insurance - Tool For Personal Finance Planning
Financial planning is must for every individual. When we start saving money for our goals, there is - Family Life Insurance Policy For The Families Staying In Dubai
The main motive of insurance policy is to give financial security to the person's family especially - Buying Temporary Health Insurance In Florida
You are the resident of Florida? You are between jobs and therefore are not looking for a long term - Car Insurance Is Of The Utmost Importance In Today's Lifestyle
In today's hectic lifestyle we are always rushing to get from one place to another, whether it be ru - Health Insurance Companies Are Using New Laws As An Excuse To Raise Their Rates
Government officials are cautioning insurance companies to stop utilizing scare tactics to steam up
Most viewed articles in this category:
- International Health Insurance: Insure Yourself While in Go
We all will agree that whether we are living in our home country or abroad, our health needs constan - It's Never Too Early to Buy a Long Term Care Health Insurance!
Most people delay buying a long term care health insurance because they think that it is too early t - Home Owner Insurance Quote: Stay Safe!
Your house will not be fully secured until and unless you have a home owner insurance policy. A home - The Benefits of Health Insurance Are Immense!
Almost everyone in this world has fallen ill sometime or the other. Apart from illness, many people - What Happens When You Make An Insurance Claim?
If you've never filed a loss claim before, you might feel nervous and confused about the whole proce - Pet Health Care Insurance: Show your Pets That you Care!
Having a pet in one's household is a joyful experience. It can provide you with entertainment, compa - Three Ways to Buy Long Term Care Without Paying Premiums Out of your Pocket
Stop 100 people over 65 on the street and ask them if they will ever need to go to a nursing home an - Protect That Bauble: Engagement Ring Insurance
Engagement ring insurance can protect your bauble in case a worst case scenario happens...So you've - Do I Need Diamond Ring Insurance
If you have to ask whether or not you need diamond ring insurance you probably do. There's somethin - Choosing a Benefits TPA
The use of third-party administrators (TPAs) is one of the hottest trends in insurance today. Accor