Professional Indemnity insurance – A Protective Cover
Professional Indemnity insurance has become compulsory for all professionals.
It protects professional and freelance contractors against unforeseen circumstances, such as claims made by unsatisfied customers. Professional indemnity insurance is expediently planned to cover damages that are potentiality payable. Contractors or Consultants simply needs to take an indemnity insurance policy, pay premium, and stay protected.
Professional indemnity is becoming popular these days because of it advantages. Earlier, it was believed that professional indemnity covers are very expensive. However, a little insight into the real aspects shows the truth. PI insurance can be easily obtained by providing information about yearly income, nature of business, nature of working. Freelance contractor or professional can claim Professional Indemnity (PI) insurance as a protective cover for life making Professional Indemnity insurance the most popular scheme for all professionals and freelance contractors.