Insurance to protect your business In an increasingly litigious environment, you'll need professional indemnity insurance to protect your business against claims made by a third party as a result of an error, omission or negligent advice.
Contact your insurance broker to find out how best to manage your exposure and prevent your business from professional indemnity risks. For more information, please contact Lockton’s dedicated ACCA team on 0117 9065057 or email ACCAaccountants@uk.lockton.com. Ad...
The applicant’s claim history for the last few years The required maximum limit of liability In summary, Professional Indemnity Insurance is also an important consideration for businesses. It not only can become an effective mitigation tool for their risks, but also can help gain more opportunities...
Professional indemnity and public liability insurance products for a wide range of businesses and professions
Any claim related to your professional practices and the services you provide falls under the professional liability insurance policy umbrella. Do You Need Professional Indemnity Insurance? Not every business needs professional indemnity coverage, as it is not one of those policies required by law. ...
Providing clients with a highly personalised, efficient, and cost-effective claims service. Legal Solutions handle the defence of professional indemnity claims for insurers, reinsurers, and financial institutions against a wide range of professional advisers including accountants, those working in the IT,...
【1】Minimum limit of indemnity 最低赔偿限额 As stipulated in the rules, the minimum limit of indemnity of the corporate practice in relation to each and every single claim during the period of insurance shall not be less than: 根据规则规定,法团业务在保险期间内就每次索偿的最低赔偿限额不得低...
The cost of not having professional indemnity cover If your business provides services or advice of any kind you run the risk of one of your customers being dissatisfied. And if they're sufficiently motivated they could bring a damages claim against you, threaten to bring an action against you...
Professional indemnity insurance (PII) is compulsory for all ICAEW members who have a practising certificate and engage in public practice. PII is a requirement for a number of regulations.
Professional indemnity insurance policies typically have limits of liability, which represent the maximum amount the insurer will pay for a claim. These limits can vary depending on the nature of the professional services and the specific needs of the business. ...