For further information on Professional indemnity and professional indemnity insurance please contact Coulson Pritchard Associates directly on 01480 470220 or visit http://www.freelanceinsure.co.uk/
To err is human. Though most of us are familiar with the statement, we never relate to the same in our personal capacity. Our self esteem and confidence shuns us to think that we are capable of making mistakes. Just like us mot professionals do not agree with the fact that they are capable of mistakes and errors in the course of their service and the idea of having a professional indemnity cover seldom occurs to them.
However, the statistics reveal there are at least a million indemnity claims put forward every year by professionals to make up for their error in course of professional duty.
While speaking of professional indemnity insurance it is prerequisite to have an idea as so what the insurance is all about, who needs it and where to obtain it. In a nutshell, a professional indemnity insurance is to compensate professionals and consultants against financial losses incurred if sued for mistakes intentional or accidental in the course if their duty. The term professional includes, but is not limited to IT Consultants, Engineers, Management Consultants, Interim Managers, Construction Contractors & Accountants who provide independent professional advice in consideration of fee. The insurance provides protection to your business in events of professional error, omissions and neglect towards the third party to whom you are accountable for your services.
The claims could range form breach of confidentiality, libel, slander and professional neglect towards the client. A good number of online websites devoted to providing Professional indemnity cover asks their clients to get in touch with them directly. All you need is to dial the toll free number being provided at the website and an insurance professional would guide you with assistance. A professional indemnity cover protects the individual as well as his firm, their assets against legal liability arising from failure to exercise their professional skill and care while executing their professional duty.
Professional indemnity insurance is never a compulsory requirement but just like any other insurance cover it indemnifies you against possible losses when you need it the most.
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Please send me name of insurance campany that have these kind of modality.
thanks.
luiz
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