PI Insurance
Must for All - PI Insurance
PI Insurance provides essential financial protection for a wide range of professionals working in different sectors.
In purpose of seeking pi insurance is to provide financial relief to clients who actually suffer in the normal course of service availed by them. Situation including negligence, error or omission etc can cause an embarrassing moment for a service provider. Professional Indemnity Insurance takes care of the cost of defending claims and any other damage payable.
In today’s world of consumer awareness, clients do not hesitate to pursue a claim if they feel that they have suffered from any kind of financial loss. The need for Professional Indemnity Insurance has started becoming prior importance for professionals.
But on the other hand, some professionals see Professional Indemnity as an expensive and unnecessary overhead; the truth is any professional can produce substantial claims.
1 comment:
Are there any types of professional indemnity insurance policy ? Does this policy remain same for all kinds of professionals or there will be variation in the policy terms according to the nature and type of work in which a person is involved.
product liability insurance
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