Make An Insurance If You Work In A Hazard Area
Working in certain fields of activity involves certain levels of risks.
Contractors, accountants, architects, consultants, attorneys at law, doctors, they all have a big responsibility before their clients.
Any profession involving the act of providing direct services to people or offering advice can be, with or without proper cause, the subject of claims from unsatisfied customers.
Even the most reputable companies can be taken to court and suffer major image losses due to a mistake or error in judgment from their employees.
Fortunately, insurance companies have created a special product for companies and individuals to cover such risks in particular: the professional indemnity insurance.
Such insurance will cover your business against: mistakes (errors, negligence, and breach of duty), unintentional infringement on others trademarks or copyrights, loss (damage, theft) of documents or data belonging to your clients and for even more serious cases when the client's money is stolen.
The professional indemnity insurance will cover you in case you make a mistake while performing professional services and attract a dispute with a client.
The insurance company will assist you in your defense against the client's claim, even if it goes to court.
Moreover, should you lose and be forced to pay damages to the client, the insurer will pay the amounts you are liable to pay, to the limit set forth in your policy.
The insurance can also cover the costs of an eventual settlement, should the policy bearer consider it is best to avoid additional problems by fixing the problem before going to court and losing even more time and money during the process.
Another important advantage offered along with the professional indemnity insurance is the legal assistance provided by the insurance company throughout the entire process.
Assistance which would cost much more if obtained through the normal channels.
The levels of protection offered by this insurance, make it a very strong instrument and lately it has become a mandatory requirement from your potential client.
There are companies that refuse to sign a contract in the absence of professional indemnity insurance.
Moreover, as a company or freelancer you would want to safeguard your business against claims made by clients for financial losses or damages of any sort.
Contractors, accountants, architects, consultants, attorneys at law, doctors, they all have a big responsibility before their clients.
Any profession involving the act of providing direct services to people or offering advice can be, with or without proper cause, the subject of claims from unsatisfied customers.
Even the most reputable companies can be taken to court and suffer major image losses due to a mistake or error in judgment from their employees.
Fortunately, insurance companies have created a special product for companies and individuals to cover such risks in particular: the professional indemnity insurance.
Such insurance will cover your business against: mistakes (errors, negligence, and breach of duty), unintentional infringement on others trademarks or copyrights, loss (damage, theft) of documents or data belonging to your clients and for even more serious cases when the client's money is stolen.
The professional indemnity insurance will cover you in case you make a mistake while performing professional services and attract a dispute with a client.
The insurance company will assist you in your defense against the client's claim, even if it goes to court.
Moreover, should you lose and be forced to pay damages to the client, the insurer will pay the amounts you are liable to pay, to the limit set forth in your policy.
The insurance can also cover the costs of an eventual settlement, should the policy bearer consider it is best to avoid additional problems by fixing the problem before going to court and losing even more time and money during the process.
Another important advantage offered along with the professional indemnity insurance is the legal assistance provided by the insurance company throughout the entire process.
Assistance which would cost much more if obtained through the normal channels.
The levels of protection offered by this insurance, make it a very strong instrument and lately it has become a mandatory requirement from your potential client.
There are companies that refuse to sign a contract in the absence of professional indemnity insurance.
Moreover, as a company or freelancer you would want to safeguard your business against claims made by clients for financial losses or damages of any sort.