Professional indemnity insurance worldwide

Protecting your home against: Faulty boilers. Plumbing and drainage issues. What is professional indemnity insurance? Do I need indemnity or liability insurance cover?

Is indemnity insurance compulsory? Should you get professional indemnity insurance?

Doing international business is no longer a big deal. But it can have an impact on your professional indemnity ( PI ) insurance. Or, more accurately, your professional indemnity insurance can have an impact on how you do international business. Professional Indemnity Professional Indemnity ( PI ) insurance protects your business against claims for loss or damage made by a client or third party. Claims will arise when it is alleged that you have been negligent in the course of providing a service.

PI insurance can help to put mistakes right and cover any legal costs if a client alleges you have provided inadequate service or advice. What does professional indemnity insurance cover ? It can cover legal fees and compensation payments, with the compensation often taking into account the financial loss that the client has suffered.

We offer cover on any one claim or aggregated limit basis with costs either inclusive or in addition to the limit. The territorial coverage of our policy is worldwide. Compensation can vary significantly, based on the type of claim that’s awarded as well as the severity of the individual circumstance. All solicitors are required to have compulsory professional indemnity insurance.

ITIC is a leading provider of professional indemnity insurance to aviation and aircraft industry professionals in every specialist field of the industry. Some professional bodies, trade unions and defence organisations offer professional indemnity cover as part of their membership, or for an additional fee. Level of cover The arrangement you have in place will need to provide cover appropriate to your practice, taking into account the nature and extent of its risks. US contracts and professional indemnity insurance. One of the greatest things about digital technology is that it gets rid of geographical limits.

The possibilities are endless. Luckily, insurance has evolved to keep up with this international style of business. Many professional indemnity insurance policies cover work done all over the world. We are also able to provide bespoke solutions for multi-line products and niche industry sectors, which can be taken out as primary or excess cover up to £million.

That is to say a claim can be brought against you for any damages suffered to a third party from your mistakes. When registering, you will be asked to make a professional declaration to confirm that you have (or will have) one in place and that it provides the appropriate level of cover. So far as professional indemnity insurance is concerne Section – (1) of the Regulations imposes an obligation on the provider of a service to make available to a recipient of the service, subject to a requirement to hold any professional indemnity insurance, the contact details of the insurer and the territorial coverage of the insurance.

Professional indemnity You are required to have a professional indemnity arrangement in place as a condition of your registration with HCPC. Nobody expects to make mistakes, but they still happen and they can cost your clients money.

Our experienced underwriters are adept at separating perceived risk from actual risk, allowing us to service a broad range of traditional accounts, as well as craft coverage for complex or hard-to-place professions. We offer professional indemnity insurance ranging from £million to £million, interest free monthly payments and worldwide cover as required. When you need professional indemnity You need professional indemnity (PI) cover if your business offers advice to customers for a fee.