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Insurance | Professional Indemni ...Professional Indemnity Insurance (PI) - The best way to protect your business assets.Total Word Count: 393 Author Rating: NA  Rate this article
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PI Insurance protects you if you have made a mistake or are found to have been negligent in performing a service under the terms of your contract.
Whilst completing freelance projects, risks can never be totally eliminated so don't let an unexpected mistake or incident take you out of business!
Remember, as a freelancer providing advice or services you are considered an 'expert' which means you owe your client a legal duty of care. If one day you provide an erroneous service you could be held legally responsible for damages caused to your client. This could leave you facing horrendous legal fee's and if held liable, responsible for paying compensation for the financial loss incurred. But don't fret! For just a few pounds a day there is an insurance solution that can safeguard your personal and company assets if things go off beam. The solution is called professional indemnity insurance. What is Professional Indemnity Insurance? PI Insurance protects you if you have made a mistake or are found to have been negligent in performing a service under the terms of your contract. Professional indemnity insurance will pay the legal fees required for you to defend yourself aswell as cover the expenses for damages that you may be held liable for up to the policy limits. For years, professional indemnity insurance has been a mandatory requirement for other white collar professionals like accountants, solicitors. surveyors and doctors. Now it is becoming increasingly common for end user clients and staffing agencies to request a freelance consultant to have adequate cover in place before contracts are awarded. At freelanceinsure our focus is to provide freelancers like you with the best protection, at the best prices. In partnership with Royal & Sun Alliance we have developed flexible, bespoke policies that protect over 100 freelance professions....from IT contractors and design engineers to legal consultants and photographers. With over 20 years experience you can trust us to safeguard your business in these litigious times. Cover is easy to obtain 24/7 at a time that suits you. It takes just a few minutes to apply, buy and download your policy documentation through our website. To get a cheap professional indemnity insurance quote please click here or call us on 0161 833 2100. The financial consequences of mistakes can destroy years of effort and money you've invested in your business. Don't take the risk. Get a professional indemnity quote here today. ArticleSource: ArticlesAlley.com
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