When does Professional Indemnity Insurance make Sense?
If you offer a service that provides advice, a professional service or provide design input to your clients, then you may consider investing in professional indemnity insurance cover. This is also known as professional liability cover and is, in fact, regarded as an essential type of cover for some client engagements.
So what can investment in such a cover offer for you and your business? Indemnity insurance aids in covering both expenses and legal costs if it comes to defending a claim from your client. It will also cover any compensation costs that may be awarded due to the claim. "But I do great work and get along well with my clients" you say! - In that case you may still want to consider this:
Read more >>