Insurance is perhaps the stoutest protection that a man can ensure for himself and his family. As we are aware of, future is unforeseen and each step we take towards the future entails a plethora of risks. The risk may pertain to one’s life, health of a family member or even to one’s profession. Risk [...]
Indemnity Insurance is an investment that pays rich dividends right in the times of need. Not only does it come to your aid in case of financial penalty levied on you on account of your professional negligence and safeguards your interests on a rainy day, the insurance measure also comes to save your professional future.
However, [...]
The question as to how long a business should retain documents is an important and often confusing one. This article gives general guidance on the issues involved with a document retention policy.
With the increasing sophistication of computer storage systems, it is now possible to store many hundreds of thousands of documents relatively cheaply. With the [...]
Its really important to understand what youre buying and you need someone who understands the specifics of different kinds of cover and which will suit your business best. For example if youre in IT youd want cover for supply of deliverables for marketing youd probably want cover for your own marketing as well as your [...]
Well always do our best to make the buying process as quick and simple as possible. Most of the time, if you call us up and like what you hear, you can be insured and have your policy documents by the end of the call. Of course, there are always cases where we need to [...]
Often youll be asked by a client to obtain a specific level of insurance cover but if thats not the case what is the right level to buy? Nobody knows your business and the exposure it has better than you but the simple advice is to buy as much as you can reasonably afford. However [...]
Professional indemnity insurance protects you from claims made by clients because of alleged MISTAKES by YOU or your employees. It may cover the costs of fixing a mistake, so avoiding a larger claim and it can also protect you if a dissatisfied client refuses to pay the fee for your contract because of some alleged [...]
Underwriting for some insurances is based solely on statistics. When you are dealing with insuring a unique entity like your business, rather than an object like a house or a car, the statistics arent as important, because there are so many variables. What is important, is to have an experienced broker who knows your business [...]
Introduction
Depending on your line of work you may be inclined to take out professional indemnity insurance, often small businesses that give specialist advice or are selling their skills to a client need to be covered against negligent claims. Professional Indemnity covers the cost of any third party claim for compensation over professional acts and will [...]
The types of claim often vary by industry, but generally relate to mistakes or to alleged failures to deliver the accurate high quality product or service the client expected. They can also relate to breaches of copyright. So, a marketing agency may push an ad live or commit to a print-run when theres a mistake [...]
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