Professional indemnity insurance provides protection to professionals in the services industries. Have a look at how vital this insurance is for a business.
What is professional indemnity insurance for? No matter how careful you are, or how long you or your staff have been in the trade, mistakes happen despite our best intentions. And with the digitalisation of many of our transactions and daily work routines, those errors can have prof...
Dishonesty: Any company employing people is open to their dishonesty. Although comparatively rare, its results can be devastating. The theft could include money hardware or data belonging to clients. Again the professional indemnity insurance cover can be used to protect against this. These...
Professional indemnity insurance is a type of insurance that protects professionals from claims by clients. This includes things...
Indemnity is compensation for damage or loss through insurance. When it is used in the legal sense, indemnity may also refer to an exemption from liability for damage.
Professional indemnity insurance, also known as professional liability insurance, is a critical form of coverage for businesses and individuals who provide professional services. It offers financial protection against claims made by clients or third parties for errors, negligence, or omissions in the serv...
What Is Professional Indemnity Insurance? Professional indemnity insurance is a type of insurance that protects a business owner or professional if a client alleges that the business behaved negligently or failed to perform work adequately. This is different fromgeneral liability insurance, the type of...
Professional indemnity insurance protects against claims of malpractice. 4 Liability The state of being liable. 2 Indemnity Security from damage, loss, or penalty. 3 Liability Something that holds one back; a handicap. 2 Indemnity Indemnity is a contractual obligation of one party (indemnifier) to...
An indemnification clause is a common element of contracts, used to formally transfer the risk of potential liability from one party to another. Legally defined as, “to make reimbursement to one of a loss already incurred by him,” an indemnity clause s
If there is an indemnity financial cap, can i still go to court and sue for my total losses that is above the indemnity financial cap? Can the court award damages above the indemnity financial cap for a breach of contract? Bypurplex— On Mar 25, 2008 ...