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Wealth-Building | Professional Indemni ...Professional Indemnity Insurance: Immunise Your Business From Costly Mistakes!Total Word Count: 443 Author Rating: NA  Rate this article
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As a freelance professional, you are paid handsomely to add value to organizations through the application of skills, expertise and knowledge.
The rewards and recognition attached with freelancing also bring along great contractual responsibilities and a number of business risks. One act of negligence, error or omission in fulfilling the terms of your contract could lead to a client suffering financial loss and suing you for damages. It doesn't matter how diligent or experienced you are - no human being is immune from making mistakes!
As
a freelance professional, you are paid handsomely to add value to organizations
through the application of skills, expertise and knowledge.
The rewards and recognition attached with freelancing also bring along great contractual responsibilities and a number of business risks. One act of negligence, error or omission in fulfilling the terms of your contract could lead to a client suffering financial loss and suing you for damages. It doesn't matter how diligent or experienced you are - no human being is immune from making mistakes! Being involved in a negligence lawsuit is stressful and can prove to be a huge burden on one's financial resources. The legal fees's and compensation payments (if you are held liable) can run into hundreds of thousands of pounds depending on the nature of the claim. So its imperative you have adequate professional indemnity insurance to prevent your business being wiped out. Remember, as a director you cannot hide behind the veil of incorporation if a negligence claim is made against you....the courts can also chase your personal assets! We at ProfessionalIndemnityInsurance.Co.Uk are specialists in providing comprehensive professional indemnity insurance cover to small businesses and freelance consultants. In partnership with Royal & Sun Alliance we have developed tailored policies for over 100 trades and professions at very competitive rates. So if your unfortunate enough to cut some bad code, publish an incorrect set of management accounts or provide bad HR advice you can trust our professional indemnity policies to protect you, your reputation and your future. If things go pear shaped our pi insurance policies will not only pay the legal fee's required for you to defend your reputation, they will also cover any compensation payments for damages caused by your negligent actions. (up to policy limits of course). A key feature of our policies is that they offer free backdated cover to protect you against claims from past projects. They also cover the actions of any sub-contractors you might employ. With premiums starting from just £165 per annum, why not get a cheap professional indemnity insurance quote today and immunise your business from the threat of mistakes! Applying for professional indemnity cover from us is quick and hassle free. In fact you can get insured instantly, through this website, by following a few easy steps. Our friendly team of advisors are also on hand Monday-Friday 9.00am-5.00pm in case you have any questions. Please call them on 0870 752 5455 or email info@professionalindemnityinsurance.co.uk ArticleSource: ArticlesAlley.com
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