It depends on the type of insurance you are looking into as well as your profession some examples are:general liability business insurance and contractor liability insurance, among many others.
The professional indemnity insurance covers businesses and individuals who specialize in providing services. Professional indemnity insurance helps those who are accused of negligence or malpractice.
The contents can vary. Visit www.hammondpi.com for details on the different types of Professional Indemnity wordings and the contents within them.
Professional indemnity insurance protects you and your company against instances like a client holding you liable for advice causing them financial loss.&Professional indemnity insurance rates range from 0.5% of your total cover to 1%.
form_title=Professional Indemnity Insurance form_header=If your company gives advice or provides services at a professional level then you need professional indemnity insurance. Protect your company today. What is your profession?=_ How long have you been in business?=_ Does your company give out professional advice?= () Yes () No Has your company ever been a party to a lawsuit?= () Yes () No
No, professional indemnity doesn't cover just any type of insurance. It's insurance that covers your professional life. So, everybody gets car insurance but it wouldn't be included under professional indemnity unless your car was a work asset, like for a traveling salesman.
Professional indemnity, or liability, insurance is a kind of insurance that helps to protect businesses and professionals who offer advice and services in case they are sued by a client for negligence.
Wikipedia has some great information about Professional Indemnity Insurance. I would start there. If that doesn't answer your questions, you could check the library.
Professional Indemnity Insurance helps professionals from being legally responisible in a negligence lawsuit. It keeps lawsuits down saving companies from a lot of money.
Professional indemnity insurance protects you against lawsuits relating to lost documents or copyright and/or trademark infringement. You should be able to talk to an attorney about this to get more information.
Professional indemnity insurance pays for the legal costs and any judgments up to the coverage limit. Also it may help with conducting an investigation to help with your case.
If one is interested in professional indemnity insurance, it is recommended to check a local law firm and express interest in a quote. GIO is a website that offers online quotes.
all types of insurance is not a contract of indemnity because life insurance cannot b measured in terms of money , that is why it is not a contract of indemnity