Tuesday, August 7, 2007

Professional Indemnity

Any professional indemnity insurance provider needs to be professional in their service

No insurance company can excel unless it starts understanding what the client wants. In fact, so huge is the list of needs that necessitates insurance that any company without proper insight into the industry will simply fade away among its competitors. The financial consequences of litigation can be so enormous, that simple knowledge about insurance will not help. What is required is a detailed understanding of preventive as well as countermeasures.

Any professional indemnity insurance provider must provide cost effective insurance solutions to risk management, should work in tandem with freelance contractors to identify the risks and assess the level of cover needed. Though it sounds simple, actually it is not. The extent to which litigation reaches can often be unimaginable and any professional indemnity insurance policy should be offered after careful evaluation of each and every situation that might arise and what precaution should be taken.

Coulson Pritchard Associates is experienced in all forms of professional indemnity insurance and places particular emphasis on client service, risk management, creative and cost effective placements. We frequently blend our insurance programs with the use of captives and other risk financing methods in order to achieve the greatest balance sheet protection.