Professional Indemnity Explained
Any contractor, consultant, professional or small business who provides professional advice or designs is open to a claim for damages if things go wrong. Costs could run into the millions.
Professional Indemnity Insurance – Why is an unlimited retroactive date so important for my cover?
All ‘claims made’ policies have a retroactive date on their policies, and it’s something very important to consider when purchasing professional indemnity insurance and other liability insurance policies.
Principles of Insurance
Insurance is ultimately about risk transfer. One party (the insurer) agrees to take on the risk of another (the policyholder) in return for some benefit (premium). Business insurance as we know it today began in Mr Edward Lloyd’s coffee house in London in the late 17th century.