What adds to the credibility of a professional indemnity insurance provider?

A brief research over the Internet will give you enough names of firms offering professional indemnity insurance. Some of these firms offer a range of fixed professional indemnity insurance covers, while some offer less fixed and more customized professional indemnity insurance covers. The onus is on choosing a policy and a firm that is beneficial for any contractor.

Find out the minimum limit of indemnity and whether the standard policy provides cover the selected limit of indemnity. Check out the range of additional levels for delivering extra flexibility over premium. This is especially beneficial at times of claims or court cases. Some firms devise professional insurance covers that may limit your potential liability to three times the amount of excess. Do think about it if you get hold of one think.

Remember that each and every claim limit will provide cover up to the level of indemnity for each and every claim made during the policy period. Hence, check out for professional indemnity covers that your firm offers for replacing lost or damaged documents and from dishonest, fraudulence, or immoral acts performed by people working on your behalf. Copywriting and intellectual property is also worth mention. Check out how much cover your firm gives in case of breaches in copyright and confidentiality agreements.