Professional Indemnity insurance can be a difficult concept to get your head around, as it protects you from claims of negligence. Unlike many types of other insurance, such as car or property insurance, there’s no physical asset to cover. Therefore, there is no tangible value or definite, potential loss to consider. This means that it …
In this day and age, every business has a website. A website is a crucial part of a business’s customer engagement, and therefore not any old website will do. Clients will pay a web designer good money to design something that not only works and looks good but gets them business too. If a website …
Professional indemnity insurance can be an important type of cover that you may wish to obtain if your business provides advice or a professional service to clients. Below we have answered some of our most popular questions about this type of cover – take a look below to see if you can learn anything new! …
There are many benefits to being self-employed, such as being in control of your time, choosing who you work with, pursuing projects that spark your interest etc. However, there are also a whole host of responsibilities and risks that come with it. One of the most important responsibilities, and one which will help reduce risk, …
As a business professional, you are probably aware of both Public Liability and Professional Indemnity Insurance, but do you actually know the difference between the two types of cover? Public Liability (PL) insurance and Professional Indemnity (PI) insurance are both commercial insurance policies designed to cover compensation claims. However, the types of compensation claims that …
In this article we discuss why you should maintain your Professional Indemnity Insurance after you retire, close or sell your business. Table of Contents If you’ve decided to retire, close your business or even sell your business, have you thought about whether you need to continue with Professional Indemnity Insurance? It’s something that we strongly …
When it comes to a Professional Indemnity claim, you need to notify your Insurers of any claims or ‘circumstances’ that may develop into a claim against you within the timescale stated within your policy. It is usually easy to identify a claim as there will often be a clear indication from a claimant of their …
Within any profession in which a business is providing advice or a service to a client, it is highly recommended that this type of professional should obtain professional indemnity insurance. Accountancy is one of those professions, and we’ll discuss within this article why accountants need professional indemnity insurance, what a policy can protect them from, …
What Insurance Is Required By Law For Photographers? Public Liability If you are a member of the British Institute of Professional Photography or Master Photographers Association, obtaining public liability insurance is compulsory. When you are working out on location or at a client’s premises, if someone is injured, or their property is damaged, you could …