Top 5 Occupations at Risk from Professional Indemnity Claims
Professional indemnity claims occur in instances of professional negligence and/or breach of contract. If a client of yours suffers financial loss as a result of alleged neglect, error or omission on your part, they will not hesitate to pursue a claim. PI claims cause significant damage to your professional reputation and often result in hefty […]
Guide: key tips for becoming a successful freelance photographer
If you are about to embark on a career in freelance photography, you might be wondering where to start. Having your own business can provide a lot of freedom and be incredibly fulfilling even though a lot of self-discipline and resourcefulness are required to succeed. Unlike other freelance careers, becoming a professional photographer can be […]
A guide to medical malpractice and how to protect against claims
Being a doctor, nurse, or other medical professional can be incredibly rewarding when treatments are successful and patients recover. Unfortunately, this isn’t always the case and unsuccessful treatments or procedures could be both professionally and financially devastating, if those affected decide to take a medical malpractice lawsuit against you. In this article, we run through […]
Tips of the trade when it comes to design and construct insurance
Those who work in the building and engineering sector are becoming increasingly exposed to design liability. To mitigate the exposure that in-house or subcontracted design services bring with them, it is advisable to take out design and construct insurance. Here, we look at the different types of professional indemnity insurance for designers, consultants and subcontractors […]
Understanding Legal Liability for Architects
As industries like architecture, construction and engineering pick up pace again, those directly involved in these sectors are also becoming increasingly exposed to liability. To mitigate your exposure, it is advisable to take out professional indemnity insurance like architects insurance. Here, we look at what exactly professional indemnity insurance is and why it is so […]
Accountants: 3 Considerations for Professional Indemnity Insurance
There’s a certain amount of risk in everything but when it comes to offering professional advice or services to a client, the risk can be much greater than normal and the consequences more severe than you might ever have imagined. Unfortunately, with the nature of their business, the level and complexity of data they deal […]
The Essential Guide to Architect Insurance
Compared to many other professions, architecture carries a relatively high risk of professional claims. This is due to the variety of responsibilities and large sums of money involved in design and build projects. Additionally, the increased specialisation of individual roles, combined with the widespread proliferation of technology and Cloud-based services, has meant that architects’ insurance […]
Do You Need Retroactive Professional Indemnity Cover?
As most people are aware, an insurance policy is a legally binding contract between a policyholder (you) and the insurer. In the contract, terms and conditions are set out, whereby you pay a premium to the insurer, in exchange for which they compensate you for loss after some manner of unforeseen event. KNOW YOUR POLICY […]
When is a matter reportable to your professional indemnity insurer?
In order to maintain consistent professional indemnity insurance cover, there needs to be open communication with your insurance provider. Your provider needs to be notified immediately when you become aware of a potential claim, as leaving it too late to declare a professional issue can be considered grounds to invalidate your policy. Your policy’s ‘claims […]
Should HR consultants take out professional indemnity insurance?
In the course of their work, HR consultants can be exposed to numerous situations which could lead to professional indemnity claims. Regardless of the standard of your work, all it takes is one disgruntled client for a professional indemnity claim to emerge. Protection is available for your business and finances by taking out a specialist […]
