Professional Indemnity? Who Needs It?

Who needs professional indemnity insurance? Anyone who provides professional advice or professional services.

And don't forget that the definition of what constitutes a professional' these days has widened enormously since, in the popular mind at least, it applied only to doctors, lawyers and the like.

Today you could be an IT Contractor, a Web Designer, a Management Consultant, an Engineer, a Technical Author, a Photographer. The list goes on.

You might be an individual freelancer or you might run a consultancy business.

It doesn't matter. If a client relies on your expertise, you owe that client a duty of care and that means you need professional indemnity cover.

Why? Because if you fail in that duty of care, either through something you do or something you don't do, you could be accused of negligence and faced with a claim for damages amounting to the full sum of the client's financial loss.

And that loss could include the cost of remedial work, the cost of delays, lost revenues and, possibly, damage to reputation. In total, enough to put the typical freelancer or small consultancy firm out of business if they're not protected by professional indemnity.

Skeptical? Claims arising from negligence and running to tens of thousands, hundreds of thousands, even millions of pounds are by no means unheard of.

And remember. Not only do we live in a business culture where claim all too often follows blame, the harsh reality is that the freelancer can all too easily find himself or herself in the position of a David facing a corporate Goliath. Large companies can absorb the legal costs of pursuing a claim, win or not. You probably can't.

Fortunately, it couldn't be easier to find the professional indemnity policy that's right for you and your business. Get the protection you need by following this Professional Indemnity Insurance link.

Resource:-

http://www.coulsonpritchard.com/

Professional Indemnity? Who Needs It?

By: samanthaharley

POST COMMENT

Teach English Taiwan - The State of ESL Jobs in the Future in Taiwan Professional designed MBT shoes have proved to be the best walking shoes Important Tips For Using Job Listings Best Professional Locksmiths serving all of San Diego County St Paul Jobs MN Loopholes To Get A Job How to Find Good Job Listings Mandatory Requirements for You in Part-Time Job Listings Making Your Dreams a Reality with Employment Job Listings How to Ace Your First Job Interview How To Search For The Best Document Translation Provider Critique of The Working Time Regulations (1998) A Diy Guide On Woodworking Jigs Searching for a professional dentist Redondo Beach