 Articles tagged: indemnity insurance
<< previous page 1 2 3 4 next page>> written by Sunil Punjabi
Business coaching is training, guiding, and involvement with a business and its management. However, the element of involvement in the business process does not free a business coach from liability if things go wrong. As such, professional indemnity insurance is imperative for him for optimum functioning. written by Sunil Punjabi
Professional indemnity insurance cover is a provision by which an individual is reimbursed for the loss that he incurs while conducting his business. The loss could typically be the result of a negligent act, or an error in judgment, or an omission in doing the required act. Those in legal and medical professions are always in need of this business risk protection. Also, those in arenas like accounting, financial services, and information technology, avail of these business insurances. written by Editor 123
Professional liability insurance is one of the many different kinds of insurance policies available today. But before we take a closer look at professional liability insurance, or try to understand if it is really required, it would be worth one’s while to spend some time in understanding what liability insurance is all about. written by Editor 123
The market scenario is changing rapidly. With stiff competition across business, services have emerged as important competitive advantage for firms. Good quality services are being stressed upon even in those organizations which were traditionally manufacturing based. And the number of professionals offering all kinds of conceivable services has also skyrocketed upwards. written by Editor 123
Availability of professional indemnity insurance ensures that now individuals, earning a living on any of the various professions, can easily insure themselves against sudden financial losses or other unforeseen pecuniary liabilities arising out of claims made by a clients who is dissatisfied and has filed for a compensation claim against the losses suffered due to an act of negligence or error committed by the professional. written by Editor 123
Life can surprise you at the turn of an event. Some of these surprises can be pleasant and exciting, while the others may shake you and your future a bit off-balance. Insurance policies act as a safeguard against such events by offering financial cushioning against an unfortunate event. written by Editor 123
In today’s fast-paced world, buying an insurance cover not merely remained to be an option but more of a necessity for every professional. Buying an insurance cover does not in any way aborts occurrence of an unforeseen event; but definitely minimizes its after effects. written by Editor 123
The UK has seen a surge in number of freelance and contract workers over the past decade. Internet boom, worsening traffic situation, and most importantly the eagerness of a second income have pushed many people into moonlighting as online tutors, accountants, writers, publishers, affiliate marketers, data entry workers, and email writers. written by Editor 123
There are risks on every turn and twist of the life. In a world overflowing with litigations and law suits, even a single slip can land you on the wrong side with aggrieved parties making a claim on every penny that you have in your bank account. Hence getting a professional indemnity is now becoming a must. written by Editor 123
Professional indemnity insurance (or PII) is an essential financial safeguarding measure for individuals and businesses alike. Let’s take a closer look at this important insurance measure that can play a major role in safeguarding the future of a practicing professional. written by Editor 123
Pi insurance is indeed the necessity of every professional. Professionals are always running at the risk of being blamed for negligence in delivering their job, and to be on the safer side, a professional needs to take aid of PI insurance. written by Editor 123
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. written by Editor 123
The importance of insurance is felt in every sphere of human life. To live is to risk. One can never eliminate risk all together from his life. But the risk can be shared. Insurance distributes the risk undertakes by one person among the society and promises to compensate the one in need. Insurance just covers you from womb to tomb. written by Editor 123
Handling money has always been a tricky business. And if you have to deal with it day-in and day-out, especially so for a client of yours, legal intricacies are hard to be remained away from. A few inevitable slip here and there can lead to bigger concerns. In case of Accountants, these slips may result in law suits running into millions. written by Editor 123
The adage goes "to err is human". However we seldom pay heed to the statement when its comes to ourselves. In the course of professional conduct and duties it is possible for an individual to commit errors, omissions which might not be intentional but can potentially harm the interest of his client. written by Editor 123
Are you a contract worker? Do you have your own home office or small business? Is a second job as a freelance worker a crucial to your income? If you have answered yes to any of the questions here, then indemnity insurance is critical to your business. written by Editor 123
To live is to risk. Risk is one of the forces in life practically beyond human control. Risk engulfs every sphere of human existence. Even our very own profession is prone to risks. written by Editor 123
Every professional who provides advice, services to clients owes a duty of care to them and the other parties involved. This duty of care is stated as ‘reasonable skill and care’ in the contracts. Now, ‘reasonable’ is a word which can be unreasonably exploited and thus, when the client claims money for an allegedly caused negligence or failure of exercises or duty, proving innocence too becomes expensive.
written by Editor 123
Professional Indemnity Insurance, also known as PI Insurance, came as a real boon to the professionals working across several industries. They provided enough peace of mind to the policyholder so that he or she may pursue her vocation without the fear of being sued expansively for the slightest of mistakes. Consequently, professionals soon started considering PI insurance as an integral part of their safety and security, pretty much the same way as a two-wheeler rider perceives a helmet or a car driver considers a seat belt.
written by Editor 123
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 may also pertain to one's assets, properties or any of his prized possession.
written by Editor 123
The need of contractors having contractor insurance is undeniable. A contractor is financially responsible to clients for every mistake. Claims against contractors are rare, but they happen and can be titanic! In many cases, lawsuits can put a contractor totally out of business. written by Editor 123
Before dealing with indemnity insurance let’s just clear up our basics with a simple question - what is indemnity? Indemnity essentially, is a sum paid by a person/institution say ‘A’ to another person/institution say ‘B’, as a compensation for a particular loss suffered by B. written by Editor 123
What if one fine day, a client of yours sues you a good sum, accusing you of professional negligence? What if your patients cry medical malpractice by you? How good are you prepared for such situations? Well, if you are not quite prepared for such unexpected situations- wouldn’t you want yourself to be prepared for such situations? written by Editor 123
In a world that is unexplainably fragile and unpredictable, having an Indemnity policy to save your skin during an emergency, is a very wise move. ‘Indemnity’ literally means protection against future loss. As the name itself suggests, Indemnity policies legally save you from liabilities for damages that may arise in future. The principle of indemnity is strictly observed insurance.
written by Editor 123
While life insurance, vehicle insurance and others are fetching their true worth, one of the very important insurance covers that is growingly getting relevant for majority of working folks is professional indemnity insurance. And while your profession takes care of the majority of your life today, it’s obvious that the qualms associated with a profession is bound to drag an individual through to its pits and falls. written by Editor 123
Professional liability insurance, also known as professional indemnity insurance or PI insurance protects a professional practitioner from claims of professional negligence made by his or her clients. written by Editor 123
The term indemnity refers to protection from legal responsibilities for one’s actions. High pressure and stress in your work field leaves you with hundreds of chances to go wrong. While your reputation is on stake, one simple slip can jeopardise your future. written by Editor 123
Professional liability insurance is one of the many different kinds of insurance policies available today. But before we take a closer look at the professional liability insurance, it would be worth one’s while to spend some time in understanding what liability insurance is all about. Fundamentally, liability insurance is a subset of the general insurance process for risk financing. written by Editor 123
PI insurance (abbreviation for professional indemnity insurance) is an insurance that covers the policyholder against claims of professional negligence on him or her. written by Editor 123
Freelance insurance in the UK is fast becoming increasingly popular. Many insurance companies are now offering excellent policies on freelance insurance that cater to a wide range of requirements and come with very attractive terms and conditions. With the advent of the Internet, the number of freelancers around the world has increased manifold. << previous page 1 2 3 4 next page>> |
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