Friday, December 7, 2007

Professional Indemnity Insurance

Professional Indemnity Insurance for Chartered Accountants and Solicitors

Like any other professionals, Chartered Accountants and Solicitors need professional indemnity insurance to deal with professional liability exposures while tenure of their service to the common people. Taking indemnity insurance is the best way to get risk coverage for financial professionals who charge their service for a fee. Due to the specialized nature of their work and service, sometimes Chartered Accountants and Solicitors have to bear situation which may leads to monetary loss for them. Therefore, the need for professional indemnity became really important for these people.
Professionals like Chartered Accountants and Solicitors usually pass through a tough study curriculum and practical term to become eligible for their specialized services. As a result, a strict code of conduct has been required to follow by these professional while practicising their knowledge and skills. In order to serve better, sometimes these professional may face certain unforeseen situations including omission in work and others and responsible for carrying liability towards the same.

4 comments:

Elevatelocal said...

Professional indemnity insurance professional indemnity insurance experts in United Kingdom London.

Tee Chess said...

This kind of insurance has now becomes necessary as this takes care of undesirable situations which leads to financial losses. It helps to protect the professionals in times on need and in this era every professional needs to have this policy.
business insurance

Libby said...

Great post

professional indemnity said...

I just wanted to say I have been a long time follower and I appreciate all of your writing. A lot of work must go into putting out quality content like this. Thanks again.


professional indemnity insurance