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Professional Indemnity Insurance Contractors Images

Professional Indemnity Insurance Contractors
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. In a nutshell, professional indemnity insurance typically compensates a client for financial damages claimed as a result of perceived negligence from a service that you have provided. Different professions will typically prefer to use one term rather than the others.

Professional Liability: Are Contractors Adequately ...
Professional Liability: Are Contractors Adequately ... from www.irmi.com
As with solicitors and accountants, contractors, freelancers, and consultants provide professional advice and services. Having contractor professional indemnity insurance in. Various insurance providers offer group policies for professional indemnity cover.

As with solicitors and accountants, contractors, freelancers, and consultants provide professional advice and services.

Professional indemnity (pi) insurance protects businesses from a range of exposures, such as mistakes in services they provide, compensation you should also make sure that other parties you are contracting with have professional indemnity insurance, such as contractors and suppliers etc. The role you perform is often complex, always critical and invariably subject to a high degree of exposure and responsibility if things go wrong. Professional indemnity insurance will cover contractors in the event that you are sued by an unhappy client for negligence, breach of contract, breach of copyright, and other eventualities. Everybody makes mistakes, but unfortunately even small errors can lead to big claims.