Skip to main content

What is Indemnity Insurance and Why do you Need It?

business insurance LiverpoolBusiness insurance Liverpool is important for all companies in the Liverpool area. You need the right
Professional indemnity insurance is a kind of business insurance for companies who regularly give advice to clients as part of their business services and whose services may include holding onto or having access to sensitive information on behalf of their clients. 

insurance for your business but which companies needs indemnity insurance and why is it important?
For these businesses it is important to have the right cover and comprehensive cover in the event of a lawsuit. It is not nice to think about but we live in an age of litigation. You may be professional, careful and offer excellent services to your clients but it is still possible that you may face litigation at some point and it is best to always be prepared and know your rights and obligations.

The kind of businesses most likely to be affected and require professional indemnity insurance are secretarial services, book keepers, careers advice agencies, marketing agencies, counselling services, employment agents, estate agents, funeral directors, graphic designers, photographers, health and safety consultants, accountants and solicitors. This is not a complete list you need to assess whether your company could need indemnity insurance if it offers any similar services as these businesses such as giving advice or holding onto to sensitive information.

These are all businesses that might deal with sensitive, private or legal information and documentation on behalf of their clients. Lawsuits can happen justly or unjustly because of the delicate information involved when professional advice is offered to clients. Human error is always a real possibility in any business so it is best to have full protection. If you have a business in Liverpool then you are applicable for business insurance Liverpool and you should choose a commercial business insurer that specialises in professional indemnity insurance. Professional indemnity insurance indemnifies you against acts of negligence towards third parties you care for whether they are an individual or another business. Comprehensive cover is essential in this field so choose an insurer who offers exclusive facilities for professional indemnity insurance. If they offer bespoke cover that means they can tailor the insurance to accurately suit the type of company you run and this way you will have the best cover possible.

Comments

Popular posts from this blog

Masquerade Masks

Masquerade Balls are a popular event in many parts of the world, such as Europe and North America. At these events participants wear a costume including special Masquerade masks . Masquerade masks are appealing to many as they give the wearer the ability to remain anonymous. The origin of these masks dates back to medieval times, they were worn to mark a point in royal dynasty or to celebrate marriage. Today, Masquerade masks have become a popular costume item and have spread to many parts of the world. They are worn for many different occasions, being very popular with charity events, private parties, weddings and Christmas parties. Masquerade masks can be part of any outfit, perfect for fancy dress parties. Masquerade balls have become more widespread due to featuring in many popular films, such as Eyes Wide Shit, Labyrinth and Batman Returns. Masquerade balls also made several appearances in the TV show Gossip Girl.

Understanding Construction Insurance

Construction insurance North Wales , is made up of many different types of insurance depending on the level of cover needed for your business, however, there are three essential types of cover that you will need which includes, public liability, product liability and professional indemnity insurance. It is important to know the purpose of each type of insurance if you are a contractor so that you know that you have the correct insurance in place for your business. The last thing that you would want to do is fall short and be liable to claims that can set you back more than just money alone, when it could have been avoidable. Below is an outline of each type of construction insurance along with scenarios. Public liability insurance Public liability insurance covers you in the event that a member of the public is injured or damage is caused to them or the premises in which you are working. This may include the following: Injury. You are covered if someone makes a claim a

How Can Medical Typists Help You?

Medical typists are integral to the smooth and efficient operation of the healthcare industry - they are transcription specialists who have a deep understanding of dictated medical language and terminology. They are able to competently respond to the specific and specialised transcription requirements of the medical profession.  Doctors and specialists dictate their reports and medical typists transcribe these reports.  This means the medical typist needs to listen, discern, and then type the medical dictations into formalised medical reporting. If you are considering outsourcing medical transcription services it is important to consider the five key ways medical typists can help you and your practice. Provide Accurate Medical Records For any medical professional or medical practice maintaining accurate medical records is essential in delivering excellence in patient care and meeting legislative and other regulatory requirements. Medical typists and medical transcription services are