Wednesday, July 2, 2008

Professional Indemnity Insurance

Professional Indemnity Insurance: A Growing Necessity for practicing Professionals

Professional Indemnity Insurance offers essential financial protection for professionals working in a wide range of disciplines. In case, a client suffers any kind of financial loss due to alleged negligence, error, or omission, the insurance company offering the professional indemnity insurance will provide the compensation or cost of defending claims for the damages.

Anyone who offers advice, designs, or provides alike services in a professional manner is known as an expert by clients who seek services for improving their way of working. If a professional indulges in some sort of dispute with a client, the latter has the right to pursue a claim from the former.

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