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Showing posts from December, 2022

The Benefits of Professional Indemnity Insurance for Your Business

Professional indemnity insurance is an essential form of insurance for businesses and professionals alike. Here in Liverpool, it's especially important to ensure you have the right protection in place. With this in mind, let's take a look at the key benefits of professional indemnity insurance, so you can make an informed decision about what kind of coverage your business needs. Protection against legal action Professional indemnity insurance (PI) provides an important layer of protection for businesses and professionals by providing cover for legal action taken against them. This insurance covers the cost of legal defense in the event that a client takes legal action against you, alleging negligence on your part.  The insurance will also cover the cost of any damages or settlements that may be awarded as a result of the legal action. This is incredibly important, as legal defense costs can quickly become prohibitively expensive, even if you are ultimately found not to have be