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Professional indemnity insurance is designed to protect professionals from claims made against them by clients. It may cover legal fee's involved and even payouts resulting from a law suit.

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15y ago

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Which companies offer professional indemnity insurance?

Hiscox provides great and secure indemnity insurance for all people. They are a secure and profession corporation and will provide you with great service.


If a Member of a professional protection scheme underagreement to provide indemnity cover in the event of litigant situation is deprived of the right asa breach of trust what should be done?

Whew! ".... a professional protection scheme under agreement to provide indemnity cover....." Sounds like the description of an insurance company to me. If you feel that you have been wronged or slighted, file a civil suit against them.


What means MDU MPS affiliation?

The MDU is the Medical Defence Union. And the MPS is the Medical Protection Society. Both are non-profit mutual insurance companies for doctors in the UK and Ireland that provide professional indemnity for their members. All doctors will be members of one or the other.


What is non indemnity insurance?

Non-indemnity insurance is a type of insurance policy that does not provide compensation for loss or damage in the traditional sense. Instead, it offers benefits that are predefined, such as life insurance payouts or fixed amounts for specific events, regardless of the actual loss incurred. This contrasts with indemnity insurance, which aims to restore the insured to their original financial position after a loss. Non-indemnity insurance often serves to provide certainty in financial planning, especially for events like death or critical illness.


How exactly does PI insurance work?

Professional Indemnity (PI) insurance protects professionals against claims for negligence or breaches of duty arising from professional services provided to clients. If a client makes a claim against a professional covered by PI insurance, the insurer will provide financial protection for legal defense costs and any settlements or damages awarded. The coverage amount and specific terms of the policy will vary based on the insurer and the individual professional's needs.


What does double indemnity protection provide?

It provides double the face value of the life insurance contract if death was accidental. Since only about 5% of all deaths in the US are judged accidental, it is a pretty good bet for the insurance company.


Is it possible to have two hospital indemnity plans simultaneously?

Yes, it is possible to have two hospital indemnity plans simultaneously. These plans provide additional coverage for hospital stays and medical expenses that are not covered by primary health insurance. Having multiple plans can help provide extra financial protection in case of a serious illness or injury.


What is the difference between indemnity and indemnify, and how do they relate to each other in terms of providing protection against potential losses or damages?

Indemnity is a noun that refers to protection or security against potential losses or damages. Indemnify is a verb that means to compensate or secure someone against potential losses or damages. In essence, indemnity provides the concept of protection, while indemnify is the action taken to provide that protection.


Where can you get a quote for professional indemnity Insurance with US cover?

I would recommend going to an independent insurance broker, there are a number of these on the web who can provide advice and quotes for contractors who work in the USA as well as worldwide.Your policy wording must be Worldwide Jurisdiction not Worldwide excluding USA & Canada.


Which companies provide loan payment protection insurance?

There are many companies that provide loan payment protection insurance policies. Some examples are Farmers Insurance, Cherry Creek Loans, and Ask's website.


Does landlord insurance provide protection for a renter?

No, landlord insurance does not provide protection to the renter. Landlord insurance simply covers the landlord if an issue that is of their fault arises. All other issues are at the renter's responsibility. All renters should acquire renters insurance.


Where can I find income protection insurance that I qualify for?

There are many reputable insurance companies that provide income protection insurance. Progressive, State Farm, and Geico are all good companies and can assist you with what you qualify for.