Wednesday, October 10, 2007

Professional Indemnity Insurance

Professional Indemnity Insurance for Engineers, Architects and Interior Decorators


Professional indemnity insurance provides the excellence risk cover against third party claims. So, if you are involving in the business of service selling, you must consider professional indemnity to feel free and secured.
Due to major risk involved in the work, architects and engineers have a fear of professional liability claims from dissatisfied clients and third parties claims. These expert and skilled professionals frequently perform similar tasks, which include designing, drafting plans and constructing for a wide variety of structures.
These people are also liable for supervision of the actual construction, which is exposed to substantial liability, in the course of their work.
To minimize their risk liability, engineers, architects and interior decorators are required to stick to an appropriate care and behavior. Indemnity insurance provides a relief against liability based on contracts, the common law and the violation of applicable laws and statutes regulating construction and design.

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