Tag Archives: Professional indemnity insurance quote
The financial implications of operating without Professional Indemnity Insurance
The financial implications of operating without Professional Indemnity Insurance Operating without professional indemnity insurance leaves your business open to claims and, in turn, huge financial risk. The costs of a claim can quickly reach hundreds of thousands and even millions. Most insurers offer policies which provide cover from an indemnity limit of £50,000 as standard.…
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7 top tips on Professional Indemnity Insurance
Deciding how much professional indemnity cover you need This is a common issue. Ultimately, it depends on your business, your clients and your potential liability. Your professional indemnity insurance needs to be able to cover the total rectification costs of your negligence and the legal costs of a claim against you. Some professional bodies will…
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7 Reasons why you should embrace Professional Indemnity Insurance
If you’re not sure if you need professional indemnity insurance, here are some reasons that might help make things clearer for you: You provide advice and consultancy Clients can claim compensation if there’s a mistake in the advice you have given. You provide an expert service In case you make a mistake in designs, plans…
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6 steps to helping you determine the correct Employers’ Liability cover
Employers’ Liability (EL) insurance is compulsory for any business that employs staff. Great care should be taken when choosing limits of indemnity, especially following recent changes to personal injury law. While the statutory minimum is £5m, and today’s policies tend to start at £10m, many customers will need a higher limit to adequately meet their needs.…
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