Contractors are among the professionals with a high risk of making errors that could result in claims against them. Since they are not part of the formal employees of the company they are working for, the claims may not be covered by the firm’s indemnity insurance. As such, it is crucial for every contractor to … …
Small business owners usually have a limited budget to work with. As such, it is understandable that one would view insurance as somewhat of a luxury. However, it is important to remember that ignoring certain crucial policies will result in more costs that the amount you were trying to save. With this in mind, this … …
The success of any business depends on customer satisfaction. Nevertheless, it is likely that one can make an error when doing business. As such, it is important to have business indemnity insurance. In some cases, you will come across clients claiming that you did an error while of course, you didn’t. It is for such … …
Professional indemnity insurance for nurses is an insurance cover that protects a nurse against claims while on duty. A client can claim an error that a nurse did in the course of her duty. In such a case, the policy will cover the nurse against such claims. Various professions require different types of indemnity insurance, … …
Agricultural insurance provides insurance coverage for an agricultural business, vehicle and general farm equipment. Agricultural insurance is also known as farm or crop insurance and useful to farmers by providing coverage against price fluctuations in the market and natural disasters like pest invasion and drought. Farm insurance provides farm, machinery and produce coverage against farm-related … …
Entrepreneurs and professionals can find themselves in difficult financial positions if allegations and claims are made against them and they do not have professional indemnity insurance. If legal action is taken against professionals and compensation is needed, it would ruin their profession. For this reason, it is important to have professional indemnity insurance. Some of … …
Nobody wants to lose their career, money and livelihood. Or have their reputation ruined. So business people opt for Professional Indemnity Insurance to protect their assets. But what is it exactly and do you as a professional need such an insurance? Professional Indemnity Insurance explained. As a business-owner or professional the last thing you need … …