Professional Liability and Indemnity Insurance

Different Uses of a Professional Indemnity Insurance

2009-04-16T22:04:00.001-08:00

A professional indemnity insurance policy is the key instrument that helps practicing professionals to enjoy their working without worrying about third-party claims. In fact, PI insurance policy can be utilized in many different ways to protect professionals from paying a hefty sum of money to clients as a result of an alleged error.

Professionals are eligible for getting coverage when a mistake is made in their professional service and it has further led to disputes between both the service provider and the client. If the dispute becomes complicated, a professional insurance policy will pay for defending a professional’s claims and thus, save his/her career.

An insurance policy is needed most while fixing a mistake, which has happened during delivering services to the client, in order to avoid any further claim. Usually, a professional indemnity insurance policy is used to minimize the trouble between both the parties. Also, a policy pays damages when a professional happens to lose confidential data/documents while providing his/her best possible services.

What PI insurance policies cover?

2009-04-06T02:36:00.001-08:00

PI insurance policies or professional indemnity insurance policies provide coverage for the claims against the policy holders in case of their professional negligence or errors.

PI insurance policy protects the policy holders against their negligent acts, errors or omissions, breach of duties and also civil liabilities that may have led to damages to their clients.

Some of the PI insurance policies also cover breach of contract, slander and libel, unintentionally infringement of other’s copyrights, broadcasting rights and trademarks. The insurance coverage also engulfs damages caused due to loss or stealing of data or documents that belong to their clients, thus breaching their privacy and confidentiality.

PI insurance should be taken by professionals who provide advisory or consultancy services to their clients. Some of the industries in which purchasing a PI insurance policy is most popular and necessary include financial and accounting services, consultation services, information technology, medical services and legal services.

Protection Offered By Indemnity Insurance

2009-03-30T21:49:00.001-08:00

Today, professionals face the serious menace of litigations filed by clients/customers threatening them with loss of finance, credibility and reputation. Indemnity Insurance offers them financial protection on such situations in their professional life. There are companies providing various Indemnity Insurance types.

Professional Indemnity Insurance gives fiscal aid to clients/customers for their damages from negligence, omissions or errors in advice offered by professionals. Employers Liability Insurance offers employers monetary aid, if their employees happen to suffer from any sickness or are involved in accidents brought about by their work. Income Protection Insurance safeguards insurers from financial repercussions of long-term sickness by making their salary payments for that duration.

Public Liability Insurance covers damages from business activities and corresponding legal expenses. Product Liability Insurance is designed for protecting insurers from damages/injuries resulting from faulty goods. Permanent Health Insurance gives financial coverage for critical illnesses and other medical and health problems. Property & Content Insurance financially shields business properties, premises, equipments and fixtures.

Low cost professional indemnity insurance

2009-03-22T22:45:00.001-08:00

Low cost professional indemnity insurance is easy to find of late, thanks to internet! Just surf through the right websites to have a better idea of the various offers available and policies of low cost professional indemnity insurances. You can even get a quote for yourself in a matter of few minutes. Be careful not to jump on decisions by just looking at the striking ads and captions since not all websites are of the standard they claim to be!

So, one should always be careful in assessment of the websites. Opinions of previous customers can be of good value in the assessment of a low cost professional indemnity insurance service provider. Even consulting an insurance agent, who can lead you to the right insurance company providing lower premiums, can be a good option.

Some companies give you additional benefits along with lower rates of professional indemnity insurance; mostly on the basis of your creditworthiness. Compare and assess various companies before narrowing down on the best deal for yourself!

Freelance insurance for all contingencies

2009-03-15T23:36:00.003-08:00

Health insurance is a necessity for everyone but companies generally prefer to hire freelancers so as to avoid the payment of health as well as professional indemnity insurance. But these days you can easily get insurance cover under the category of freelance insurance.

Insurance for freelance workers cover various aspects, such as defamation, libel, loss of data or documents, health inconveniences and loss of intellectual property rights among others. The best part of this insurance cover is that it provides monetary cap so that you can pay off easily in case any emergency arises.

Insurance for freelance workers can be obtained from the freelance insurance companies as they provide insurance benefits at the lowest costs. They simply connote freelance insurance with perk and that is why they provide numerous benefits in the form of monetary coverage so that freelancers can meet all the requirements without attaching their personal assets.

Professional Indemnity Insurance - Online Quotes in Minutes

2009-03-08T23:06:00.001-08:00

Professional indemnity insurance offers cover for claims brought against the policyholder due to certain professional negligence during the accomplishment of any duty. Such negligence may include breach of confidentiality, breach of normal rights, false attribution of authorship, infringement of intellectual property rights, loss of data or documents, malicious falsehood, negligence, and passing off copyright or trademarks. If operate a business that involves selling knowledge or skill or offering advice you may need instant Professional Indemnity insurance quotes.

You can find a number of organizations offering experts online professional indemnity insurance quotes. These companies have expertise in offering the best quotes in a variety of case, such as landlord insurance, professional indemnity insurance, public liability insurance, shop and office insurance, and various business finance services. If you need expert personal indemnity insurance quotes for any kind of business, these organizations have the best quotes to offer you.

Professional liability insurance is necessary to remain secured

2009-02-25T23:05:00.002-09:00

Professional liability insurance or professional indemnity insurance is important for all professionals, such as lawyers, accounts, architects, pharmacists, nurses and doctors. This kind of insurance provides coverage against any negligence claims made by respective patients or clients.

Any usual general liability plan for insurance of these professionals provides coverage for the claims that pertain to advertising injury, property damage, bodily injury or any personal injury. Professional indemnity insurance also covers claims against inaccurate advice, negligence, misinterpretation or violation of fair and good dealing. This insurance however covers only those incidents that take place while the insurance coverage of the plan is active.

It is crucial that all those people who are professionals of various fields, specially those belonging to the medical practice, like the nurses, doctors, pharmacists or the therapists to get this professional liability insurance so that they can remain protected and secured. This kind of insurance also covers the claims made against them regarding malpractice that are lodged by the patient or his/ her family members.

There are various types of professional liability insurances depending on the kind of professions. According to the field of work, the risk coverage is classified and depends largely on the nature of work and the business requirements. All the information related to the professional indemnity insurance can be well obtained from the information bureau of the state.

How Professional Indemnity Insurance Cover Works

2009-02-22T22:33:00.001-09:00

If you are providing professional services or advice to others, despite your expertise in a particular field, rarely some mistakes are bound to occur, which can prove costly. To protect your contract or consultancy from such costly mistakes, and to legally face the consequences of act of negligence or simple mistake, you need the protection of professional indemnity insurance. With more legal awareness, people do not want to lose their money or suffer financial injury due to a mistake caused by a professional service, and they take professional indemnity insurance which can compensate their loss considerably.

You can choose a level of insurance required by you according to your business needs and profile of your clients. Some insurance policies also include special retroactive features which meets risk during the period even before the commencement of cover. Professional Indemnity guards you against the legal claims and covers the cost incurred while defending your service. The insurance also looks after the expensive, stressful and long court cases and saves your finances to a considerable extent. The professional indemnity insurance covers various eventualities like simple mistake, act of negligence, dishonest behavior of an employee, stealing money or information from client, straightforward omission or error. The indemnity insurance includes clauses relating to libel actions due to alleged defamation, and also breach of confidence and copyright issues.

Benefits of professional indemnity insurance Policies

2009-02-02T21:08:00.001-09:00

Professional indemnity insurance is a must for the professionals offering their services as advice and consultation to their business clients. Professional indemnity insurance covers errors of omission, neglect and flawed advice and services given to the clients who incurred severe losses due to their erroneous advice.

Professional indemnity insurance policy also includes coverage for document loss, such as if the business or professional misplaces or damages important documents of clients. Counting on the premium benefits of professional indemnity insurance, it allows the policy holder to get an access to legal help in case of any legal dispute with the client. By means of professional indemnity insurance, the professionals can avoid heavy legal cost which is required in fighting a case in the court of law.

By opting to professional indemnity insurance, companies and individuals can save quality time which can otherwise gets spent in fighting long drawn litigations for claims made by unsatisfied clients.

Professional indemnity insurance - a must have coverage for the consultants

2009-01-26T21:50:00.001-09:00

Consultants work under difficult circumstances; they have to take up certain risks. If a client incurs a financial loss because of the advice given by a consultant then he or she is liable to make a claim against the consultant for the losses suffered by him.

Professional Indemnity Insurance can help the consultants as well as their clients to have full peace of mind. The client will be very happy if they will be covered and you can be relived that the financial losses of your clients are being covered by the professional indemnity insurance company.

Professional indemnity insurance can usually be taken up as a part of an overall business insurance policy. The business insurance cover can form the core of the consultant’s insurance cover. The consultant can even add some extra cover if they think that they need it.

Liability Insurance

2009-01-19T21:29:00.002-09:00

With increasing globalization and industrialization, the need for liability insurance is also growing very fast. In the present perilous and unsafe world, liability insurance is very important the companies. The businessmen should predict the amount of liability insurance claim on the basis of the risk related to their business. Also with the help of professional liability insurance, many professionals such as lawyers, accountants, architects etc are protected from the claims that can be made by their clients. Professional liability insurance protects them against the monetary losses that can happen. A number of professional liability insurance companies are available to provide liability insurance to both large as well as small businessmen. Even the insurance brokers or agents can be consulted for the same. So in a way liability insurance is a back-up plan available for all the businessmen and servicemen who don’t want to come across any professional crisis.

Professional Indemnity Insurance: an effective tool to protect professional honour

2009-01-12T21:46:00.001-09:00

As its name suggests, professional indemnity insurance is a kind of insurance policy that protects professionals from any ‘third party claim.’ A professional who is engaged in any kind of professional service is subject to ‘professional indemnity claims.’ While serving to clients, professionals sometimes may commit error, omission and negligence that may turn out to be a disaster for their careers. Hence, having professional indemnity insurance policy may protect these experts when they are accused of a professional negligence. At any point of time, they can be dragged to a court and ask to pay for the loss occurred.

The insurance protects professionals when they are covered under a policy not when the claim is made. So, think over it carefully if you have any plans to cease or wind off your operations as anyone can make a claim against you.

Professional indemnity insurance is an effective tool that protects your professional interests in times when you are facing a major financial as well as professional crunch.

Professional Indemnity Insurance for Consultants

2009-01-05T22:52:00.000-09:00

If you are working as a consultant and earn living by offering your skilled advices to individuals and companies in exchange of a fee, professional indemnity insurance policy is must for you.
For example, you have been hired to provide advices on a matter. While working on the task, you commit an error capable enough to cause a loss of millions of dollar to the client’s business. May be anyone of your staff member is responsible for the leakage of confidential data or the expenditure have crossed the set limit or you have changed the final outline of the plan without having a word with the client – in such conditions, you can be dragged to a court and ask to pay for damages.

Professional indemnity insurance indemnifies professionals against any third-party claim made by clients in case when they are dissatisfied with the provided service. In many cases, professional indemnity policies pay for the out-of-court settlement between the professional to protect the former’s reputation which is always at stake.

Professional Liability Insurance: independent insurance cover for professionals

2008-12-29T23:07:00.002-09:00

Companies hire professionals with a belief that they will add their expert knowledge and skills to assigned tasks to the best of their abilities. Apart from their services, professionals are expected to work as per the standard code of conduct to offer a leading edge to client companies. However, being human only, sometimes professionals may fail to comply with the set code of conduct and thus, they can be dragged to court for losses that they have caused to their clients. A professional liability insurance policy protects professionals in cases when they have to pay a heavy compensation for their professional acts.

Professional liability insurance is an independent insurance cover designed specially for professionals against loss occurred from professional negligence, error or omission while working for their clients.

Nowadays, many insurers provide professional liability insurance policies. Visit their offices or look through internet and choose the best insurance policy for your needs.

Professional Indemnity Insurance – safeguarding the professionals

2008-12-18T22:30:00.001-09:00

Professional Indemnity Insurance gives monetary safeguard for active professionals and advisers. This policy covers the compensation you may need to pay for third party claims and also the legal costs incurred to fix these claims like negligence, civil liability, violation of confidentiality or duty or any other claims.

If required these insurance companies offer expertise of their claims staff with knowledge of the insurers’ industry and even skilled legal staff for the defense of insurer. You can seek the aid of insurance broker or company to determine covers required in your particular profession to protect you from all possible disputes. In various countries, requirements of Professional Indemnity Insurance (PI) are varied, so you must make sure that you have the whole cover you may require.

Professional indemnity insurance

2008-12-11T01:47:00.002-09:00

Indemnity health insurance plan is a health insurance policy in which the insured person can choose any hospital, doctor or health care service of his or her choice, without the need to get approval from insurance company. In this insurance plan, you will be required to pay the deductible amount, the co-insurance or co-payment and any extra charges that your chosen health care professional charges apart from what your insurance company has considered customary and usual.

One of the benefits of a professional indemnity insurance policy is that if your medical expenses reach the annual out of pocket maximum amount during a year, you will not be required to pay any coinsurance. The best thing is that these insurance plans come with more flexibility and more coverage, which are extremely beneficial for the insured person.

Minimize the damage for professional error with indemnity insurance

2008-11-27T20:53:00.000-09:00

The core concept of any insurance policy is to offer coverage from the unforeseen adversities. And, in case of professional indemnity insurance policies, the spirit of insurance is unaffected. These policies enable you to avoid any sort of damage due to professional error, omission or act of negligence towards a third party in this highly litigious professional world. These policies are a must for all individuals, companies and organizations engaged in services like providing advice, designing work and other other professional service.

proper homework should be done before buying a professional indemnity insurance policy. You should buy a policy according to the type and size of your business or organization. Even if your domains of expertise charities and advisory bodies, professional indemnity insurance are also helpful to you. You should analyze the maximum damage coverage, limit of indemnity, coverage of any legal costs before buying the PII policy.

Professional Indemnity Insurance: Compulsory For All Professionals

2008-11-17T20:22:00.001-09:00

People engaged in providing their professional advices should take professional indemnity insurance. The insurance policy protects professionals from all odds in situations when things fail to perform as per expectations. No matter, how hard a professional has worked, if the result won’t be satisfactory, he/she can be accused for the losses caused to a client. A professional indemnity insurance policy helps professionals to get adequate financial support as well as for legal liabilities as well.

Professional insurance policy covers the cost of any compensation claim sought by a client arises out of negligence, omission or error during the period of services given to him/her.
Every professional takes PI cover nowadays. In fact, the governments of many countries like UK have made it mandatory for professionals to take professional indemnity policies before initiating their private practice.

Professional Indemnity Protects Reputation of Professionals

2008-11-06T03:22:00.001-09:00

Have you decided to start your own practice or want to initiate a business venture? You must think about taking adequate protection to safeguard your professional interests.

A successful business activity needs its owner to take risk. A risk can be profitable or disastrous depending on your efforts, market situations or many other such situations. Hence, you as a professional require a support that can help you in odd situations as well. Here comes the role of professional indemnity insurance that can protect your interests as a practicing professional.

Generally, a professional indemnity is a special insurance policy that is designed for professionals to offer adequate financial support against claims made by clients during the course of the service provided by a professional. Now, professionals can take tailor-made policies to seek immediate relief from adverse situations capable enough to spoil professionals’ reputation.

Professional Indemnity Insurance

2008-10-20T22:03:00.001-08:00

Professional indemnity insurance is important for all whomever engaged in selling their professional knowledge and expert opinions. Anyone from accountants, lawyers, doctors, creative people, artists, freelancers, IT professionals, managers to scientists – professional indemnity protects everyone. In fact, countries like UK and Australia have strict laws that require a professional to have a indemnity insurance policy before start practicing as a full-time professional.

The insurance policy provides financial protection to professionals against any kind of a third party claim for loss or damage caused to clients by availing professional services. Besides providing claims for potential claims like negligence, errors, omissions, insurers also provide indemnity for a variety of other reasons as well. Some of the important reasons involve breach of contract, client dissatisfaction, financial damages by a client and such others.

Professional Indemnity

2008-10-13T21:01:00.000-08:00

Professional Indemnity insurance protects freelance contractors against unforeseen circumstances, such as claims made by dissatisfied customers. Built especially for contractors, who are the softest targets of dissatisfaction, professional indemnity insurance is expediently planned or devised to cover damages that have the potentiality of being payable. Contractors simply need to take a policy, pay premium, and stay protected.

Professional indemnity is quite popular nowadays because lot is known about its advantages. Earlier, it used to be believed that professional indemnity instance covers are very expensive, a reason why many contractors are scared away. 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. As a freelance contractor, you can claim Professional Indemnity (PI) as a 'Schedule E' expense in addition to the usual 5% allowance, making Professional Indemnity insurance the most popular scheme for freelancer contractors.

Professional Liability Insurance

2008-10-02T21:47:00.007-08:00

Professional liability insurance, also known as the Professional Indemnity Insurance, provides coverage to professional individuals such as accounts, lawyers, architects, doctors, pharmacists and nurses against any negligence claims made by their respective clients or patients. Depending on the profession of an individual, the Professional Liability Insurance takes on different names. For example, the Professional Liability Insurance for the notary public is called the Errors and Omissions Insurance (E&O). The Errors and Omission Insurance policies also provide coverage to the technological companies such as the technology consultants, technology creators and software developers. The chief coverage provided by the E&O policies is the financial loss of the client, failure to perform, breach of warranty and personal injury.

A normal general liability insurance plan will provide coverage to the claims such as property damage, advertising injury, personal injury or bodily injury whereas a Professional Liability Insurance not only covers all the aforementioned claims but also claims such as the violation of good fair and faith dealing, inaccurate advice, misinterpretation and negligence. However, the Professional Liability Insurance covers the incidents that took place when the insurance coverage is active.

Which of the professionals need professional Liability Insurance?

2008-09-25T21:50:00.000-08:00

Professional liability insurance is also referred as the omissions and errors insurance. As per the preconceived notions, the professional liability insurance is not merely for lawyers and doctors but for many other professionals belonging to different fields. Many of the self employed professionals incorporative of veterinarians, nurses, medical technicians, accountants, insurance agents, engineers, real-estate agents and architects also need the professional liability insurance.

It is your very own professional association and trade that can aptly tell you regarding the need of exposure to the liability insurances. The premiums can be though expensive, especially if you are involved in some high risk business like the medicine business. But the insurance coverage that you get in these liability insurances is really worth as they get you immense peace of mind. As the professional liability insurance is a little expensive and slightly tough to find for availing the services, it actually pays to compare several of the insurers.

Professional Liability Insurance

2008-09-18T22:29:00.000-08:00

Architects are not free from professional risks?

Architects not only design buildings but create infrastructure that defines a lot about the personality of the people who are going to use that infrastructure. Evidently, these experts work at razor’s edge to comply with the expectations of their clients. However, alike other professionals, they cannot eliminate the risk from their lives. In due course of contract, sometimes they might come across allegations, error and omission that may create financial catastrophe for architects. What they do to cover those unseen losses?

Professional liability insurance acts as an easy way to protect interests of architects who work hard to meet the demands. The insurance policy is designed to cover the financial penalties of an architect during offering services to clients. Apart from paying the compensation amount, insurance policies pay off all legal costs.

If you are working as an architect, taking adequate indemnity insurance is essential for you.

Professional Indemnity Insurance Policy

2008-09-08T22:34:00.002-08:00

Points to Consider Before Taking the Desired Insurance Policy:

• Try to gather relevant information about the insurer.

• Ensure if the insurance provider has a history of offering services for professionals or not. Check in detail about the price. Also, checking about the terms and condition is also very important.
• Find out if the service provider is offering you the cover that may fulfill your requirements to the fullest.
• Ask insurers if they specialize in your area of practice.
• Check if they are specialists/knowledgeable about your sector.

Having a good professional indemnity insurance policy is an effective answer against the odds in professional practice.

Professional Indemnity Insurance

2008-09-02T01:52:00.002-08:00

Professional Indemnity Insurance: the UK Prospective

Professional Indemnity Insurance is an important insurance protection for any company, organization, professional that offers advices in a professional capacity. Serving the requirements of this fast-growing competitive world, professionals are potential for committing errors in their performance. Many a times, a small error may become a big mistake that lead to heavy damages to clients. Such opportunities or occasions encourage dissatisfied customers to sue the concerned service provider and get the adequate compensation to make up for the loss.

Many insurance companies have identified the opportunity to eliminate the risk elements from the professionals’ lives. For getting the bets coverage, you can check the details and get the best cover for your needs.

Health & Safety Insurance For Freelance Consultants

2008-08-04T21:45:00.001-08:00

From an array of health and safety insurance possibilities, there are several flexible options available for professionals and freelancers to take benefit of. One of them is insurance for freelance consultants.

Freelancers normally run with a handful of workers who work for the individual/company to offer cost-effective service/solution to clients across diverse industry verticals. However, regardless of the smaller financial base, a freelancer too is legally responsible towards projects completion and is equally answerable towards maintaining safe and sound working environment for its workers. Both involve financial risks and any form of eventuality can lead to grave problems for the freelancer (individual or company).

Indemnity Insurance for freelance consultants comes with cover for such adversities and help the insured professional with much needed financial support during health and financial trouble.

Professional Indemnity Insurance

2008-07-29T00:53:00.003-08:00

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.

Photographer Professional Indemnity Insurance

2008-07-02T22:58:00.000-08:00

Professional Indemnity Insurance for Photographers

A professional photographer understands the importance of capturing a moment. Especially, if that is a truly special one for the client! So understandably, a small error in capturing such a moment of importance may prove unfortunate in terms of financial loss and thereby decrementing reputation for the professional. That is exactly why, you need to get a professional indemnity insurance cover; mainly

Photographer professional indemnity insurance provides an essential policy cover which protects a photographer struck in dispute with a client by providing the cost of defending any claims or allegations made against him.

Whether you are a wedding photographer, a videographer or a portrait photographer - photographer insurance can be availed by all. Get one to save you from embarrassment and misfortunes.

Professional Indemnity Insurance

2008-06-25T23:33:00.000-08:00

Professional Indemnity (PI) 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

PI Insurance for Forensic Consultants

2008-06-18T22:22:00.000-08:00

Who are Forensic Consultants?
People who expertise in recognition, collection, identification, individualization, and interpretation of evidences mainly physically, and the use of science and medicine for criminal and civil law, or regulatory purposes are known as forensic consultants. Mainly for sorting out the crime cases, the expertise of forensic consultants is used. As the work area of forensic consultant is very complex and responsible, they may fall prey for any kind of financial liabilities very easily. Therefore, by taking the adequate professional indemnity insurance, forensic consultants can easily avert some of the unforeseen situations of their lives.

PI Insurance for forensic consultants

PI Insurance for forensic consultants can provide you essential financial protection for a wide range of activities that may harm your reputation in the practicing market. In any event, when a client suffers financial loss caused by alleged neglect, error or omission, the insurance cover will provide the defending claims and pay the damages.

Indemnity Insurance

2008-06-09T21:09:00.000-08:00

Indemnity insurance is all about protecting right and interests of a practicing professional in today’s growing litigation world. The insurance protects professionals working actively in different industries, providing quality services. Professionals including traditional architects, engineers, insurance brokers, Independent Financial Advisors, solicitors, surveyors, accountants, computer consultants, business consultants, estate agents, solicitors, translators, PR consultants, environmental consultants, charities and miscellaneous classes as well as the new professions such as Internet Service Providers (ISP), website designers, programmers and IT consultants can take effective insurance policies to protect your professional pleasure.

Lack of professional indemnity insurance, companies might run into troubles and exposed of many kinds of professional liabilities such as:

1. Libel & Slander
2. Damages caused to third party
3. Nasty falsehood
4. False attribution of authorship, and
5. Passing off copyright or trademarks

Professional Indemnity

2008-06-03T01:50:00.000-08:00

Professional Indemnity: Why Anyone Needs IT?

Who is a Professional?
A person who offers his expertise or opinion to another person on the basis of a skilful character is known as practicing professional. According to the law, a professional can offer his services under the code and conduct, set by the law itself.

However, it is quite true that human is prone towards committing errors. No human activity can be eliminated of error; therefore, mistakes do happen sometimes. Any kind of financial loss arising out a mistake or failure on the part of the professional may benefit the third party. Many a times, even if the professional is not guilt of any error, he is held liable for paying the third party penalty.

Professional indemnity insurance policy has been seen as an effective tool to get the adequate coverage if the professional is made to pay the damages.

Employers Liability Insurance

2008-05-23T22:01:00.000-08:00

Employers liability insurance (EL) is a kind of compulsory insurance policy for all business owner in case they hire a dedicated team of employees. In fact, some countries including the UK have made it mandatory for business owners to take adequate employers insurance, in case they maintain manpower to support their smooth operations.

So, if you are a managing director or person-in-command of a public limited company, it is compulsory by the law to take adequate insurance policies to avoid any unpleasant situations in due course of the time.

Purpose of Employers Liability Insurance
The purpose of taking employers liability insurance is to protect employees in the daily operations of a business activity. In case an employee suffers from any physical injury or death in case of negligence on the part of an employer, claims can be fulfilled by the insurance company.

Insurance For Interim Managers

2008-05-10T01:52:00.000-08:00

Who are Interim Managers?
Hiring of Interim Managers is a new concept. This new trend can be defined as filling up the short-term openings in a company to tackle the short-term tactical or strategic challenges. The main thing about hiring interim managers is that there are no obligations with employing executives on permanent employment contracts. In case, you need to involve greater efficiency then approaching a good generalist interim management agency could be the most fulfilling solution.

Interim Managers are very experienced managers/directors or senior executives with a high profile and track record of success. They are responsible for managing a variety of organizational and business situations, contributing project management, leadership and technical or functional skills.

Insurance for Interim Managers
Interim managers’ work is full of heavy risks and accountability. They work really hard to comply with the requirements of the organization. Interim professionals are accountable to the client. In order to protect their rights and interests, many insurance companies have come up with an idea of providing adequate insurance policies. Find out their details and get the best solution.

Contractor Liability Insurance

2008-05-02T05:02:00.000-08:00

A company has to face major risks while working in the construction industry. The market is full of risks and challenges and a business entity has to survive in it. The insurance cover provides safety coverage for the company owner as well as for the employees working for him at a third-party site. Taking an effective contractor liability insurance is the best way to cover all the challenges and impediments when a company is working on a contractual basis.

Contractor insurance protects the rights & interests of freelancers as well as for full-time contractors. There can be a lot of unpleasant situations that may arise often leading to nasty court cases. Contractor liability insurance helps in eliminating hurdles or troubles which may cause certain obligations and legal responsibilities.

Professional Negligence

2008-04-24T21:08:00.000-08:00

Professional negligence is a complicated and specialist area of law practice. Professionals and their respective insurers hire big law firms with years of experience to try and defeat professional negligence claims. It is equally important to hire excellent lawyers who possess good experience and knowledge as well. With their focused approach and ability to negotiate in fierce competitive world, lawyers ensure that their clients get their desired results.

An insurance company’s professional negligence team tackles with all kinds of disputes against professionals including accountants, architects, insurers, financial advisers, solicitors, surveyors and tax consultants. Law firms deal with the clients that are either individuals, or directors, or companies or banks and protect their interests & rights as individual contributing in this growing business world.

Professional Indemnity Insurance

2008-04-19T00:45:00.000-08:00

Today’s growing commercial business platforms have necessitated the need to make a strong presentation in the globalized markets and developed greater risks and regulations for emerging companies. Professional indemnity insurance provides the safety & security against any unpleasant financial situation that may cripple the needs and requirements of a practicing professional.

Also known as PI insurance, the policy provides an aid from falling into a humiliating grasp. A person can restrain himself or herself from heavy reparations and gets coverage for all the legal costs. Any practicing professional such as a businessman, architect, lawyer, fashion designer, accountant, consultant, doctor, financial adviser, etc. can take the adequate risk coverage for their respective needs.

Need for Indemnity Insurance

The insurance policy is important in today’s developing world with lots of transparency and litigation. Also, the service market has become really sensitive towards the user’s requirements and satisfaction level. In addition to this, there are heavy fines if the business is unauthorized or goods and services are found not of the desired standard or quality.

Personal Indemnity Insurance

2008-04-10T23:29:00.000-08:00

Personal Indemnity Insurance for IT Professionals

With the increasing lawsuits and transparency on the business dealings, the after effects of costly litigation and other related losses are constantly hovering into the minds of IT professionals. Very often companies face many sorts of challenges and difficulties to meet the desired level of output and maintain the best quality of work to beat the competitors.

Challenges are many, and ways to deal with them are relatively a few. In order to protect the rights and interests of IT professionals, personal indemnity insurance coverage is available in an affordable range to match the preferences and requirements. This particular insurance preposition secures the financial burdens of IT firms while serving the clients. Now, companies do not have to worry about the increasing pressure of virus and worm attacks and other such factors that may put a negative impact on their credibility.

Search through the internet to get the best policy available especially meant for saving your personal indemnity insurance in an open and free market.

Personal Insurance

2008-03-25T21:48:00.000-08:00

Benefits of Personal Insurance for IT Contractors

Life is uncertain, at every step you need to be conscious and alarmed to avoid situations that may cause troubles for you and your family. Insurance has taken a new plunge by taking initiative to avoid these unforeseen circumstances. You can take personal insurance and can attain an umbrella cover for your property, assets, for yourself.
There are much personal insurance available to match the customized needs and requirements of different people. For many brokers and businesses, personal insurance is considered as an "accommodation" business.

Information through the Internet
Internet is the safest and easiest way to seek quality solutions for all your insurance needs. Browse carefully to search the right places to match your specific insurance requirements.

Critical Illness Cover

2008-03-14T22:21:00.000-08:00

In today’s world, health risks cannot be avoided from our lives. People working in different fields face many kinds of health hazards in normal routine of the work. Working in a challenging commercial environment puts so many pressures which may make you feel sick. In order to avoid such problems related to health, you can take critical illness cover and can actually get the compensation in case you have to suffer from heart attack, stroke and cancer.

Taking critical illness cover for health is important for assuring a handsome compensation for any kind of unforeseen potentially disastrous financial consequences of such conditions. The cover also includes the diagnosis charges and medication expenses of a patient.

If you want to take a critical illness cover, looking into the internet would be the greatest option. You can browse our website Coulsonprtchard.Com to get other relevant information regarding the best cover for critical illness.

Life Cover for Professionals

2008-02-25T00:42:00.000-09:00

Being a practicing professional is a great responsibility. You need to provide practical usage of your studies and knowledge earned through hard years of learning. In today’s fast changing world, professionals need to be really careful. There are many kind of worries that constantly hamper a professional’s productivity and the conduct of work.

In order to provide relief to a professional, many kind of life covers have been available in the market. You can go for income protection insurance to deal with the unforeseen situations.

Search over the internet to know about options available to you for chossing a life cover and look for the most economical deal that will help you to save your money and get you good relief and solutions in exchange.

Employers Liability Insurance

2008-02-11T00:27:00.000-09:00

Employers liability insurance popularly known as EL is a compulsory form of insurance for business owners to take adequate protection for their employees. In fact in come countries, seeking enough insurance employers coverage is quite compulsory and stated under the law.

The basic purpose of taking EL is to cover any financial losses caused to the employees in case they need suffer any physical loss or injury. In such situations, insurers need to look after looses and pay the compensation simultaneously. It also covers issues including sexual discrimination, wrongful dismissal and others.

In these fats changing world, the nature of business has changed considerably, increasing the risk involved. Therefore, business combined insurance minimizes the risks in order to fulfill the ultimate goals of the company.

Professional Liability Insurance

2008-01-11T21:37:00.000-09:00

How to Minimize Professional Liability for Accountants and Lawyers

Professional liability insurance has provided a way out for all the professionals who fear for any negligence, omission and other risk while providing their service. Because of their specific nature of work, accountants and lawyers are always at risk of third party liability. However, by taking adequate indemnity insurance, these professionals can really minimize their risk. There are many other ways which can be followed by accountants and lawyers to lower down their burden of risks.

To minimize the risk responsibility, these people should file their engagement letter and other similar documents very carefully. An in-house working standard and guidelines should be followed to control the quality of the service given. A conflict of interest should be avoided at any cost within the parties while rendering service. Try to bring specialization in your service to get more trust and loyalty.

Professional Liability Insurance: The Basics

2007-11-25T22:36:00.000-09:00

The concept of professional liability insurance is based on arising demands for securing a remedy for undisclosed and hidden professional situations where professional may need to suffer heavy financial losses. In some country, practicing without a relevant professional policy is barred and you actually cannot practice freely in those countries. So, it is always better to know about those policies to get your professional aspirations fulfilled while practicing your skills and talents.

Internet provides you the most convenient and suitable way to secure relevant information regarding the usability of professional liability insuranceYou can also search for the different companies which provide optimal professional liability insurance for meeting the demands for professionals. So, gather your information and get the policy that matches your needs and requirements well.

Need for Professional Indemnity Insurance

2007-11-18T22:31:00.000-09:00

Professional indemnity insurance is slowly catching the nerves of people in providing safety and security to various professionals around the world. It includes traditional professionals to today’s modern professionals like architects, engineers, insurance brokers, IFA's, solicitors, surveyors, accountants, computer consultants, business consultants, estate agents, solicitors, translators, pr consultants, environmental consultants, Internet Service Providers (ISP), website designers, programmers and Directors and Officers Insurance Quotes and several others.

Without having adequate risk coverage, it is almost impossible to run away from various professional risks while practicing in the real world. Nowadays, risks are so high that companies are taking almost everything to eliminate the associated risks. Not only company but directors and officers are insured of any professional errors and omissions to get rid of any third party claim. Especially vulnerable are the new internet companies, many of which only recently been formed particularly if there is venture capital funding or shareholders to consider.

So, professional indemnity is considered as an important tool to practice as a professional.

Professional Indemnity

2007-11-08T01:07:00.000-09:00

Basics of Professional Indemnity

As it name suggests, professional indemnity (PI) insurance is insurance given to cover the risk bear by professionals during their tenure of service provided to the second party. However, it does not cover contract work, e.g. core-logging, drilling, mapping (unless interpretation and/or advice is required).
The main feature of professional indemnity is its legal liability. Indemnity insurance does not cover statutory or criminal liability. In simple words, this kind of insurance give you relief from the party that might file a case against a professional if that party suffered loss based on the professional’s opinion or advice. It does not cover State-inflicted penalties or criminal charges.

Indemnity insurance

2007-10-30T22:25:00.000-08:00

Preventive Majors for Accountants and Lawyers

Indemnity insurance is the only way to seek protection against any unforeseen circumstances that may cause heavy losses fro professionals engaged in it. Becoming really popular, professional indemnity insurance is easy to seek appropriate protection to deal different types of clients in a satisfying manner. However, by taking adequate protective major at course of providing service, risks can be minimized. Here are some tips that might help you to pay the less:

Preparation of the engagement letters or similar documents should be prepared carefully as these documents reflects the rights and responsibilities of the parties and any change in these document can put a bad impact on your working relationship with your clients.

Accounting and law firms should try to develop in-house guidelines and standards, and their staff should observe them to facilitate additional checks on the ways to provide service.

Conflict of interest between the parties should be avoided. Any situation that may lead to sour relationships with clients should be checks and eliminated from the firm.

Bringing specialization can minimize or help to control professional liability exposures.
Visit us for more details about:Indemnity insurance

Professional Indemnity Insurance

2007-10-24T21:36:00.000-08:00

Action List for seeking Professional Indemnity Insurance

Are you a practicing professional and worried about any undesirable claim, omission, error and negligence while completing your commitment of service? Not to worry, the way of professional indemnity insurance has opened a door for you to shed off your worries and practice your skill and expertise openly. Taking professional indemnity insurance is not a complex process. Here are some simple steps that may help you to get a solid instrument that helps you to preserve your actions:

First of all, it is necessary for you to make a list of brokers on the British Insurance Brokers’ Association, available at their website. It will help you to short list promising brokers who can help you to get best coverage.

You can also search for a broker on the website of the Institute of Insurance Brokers in United Kingdom to get the best options.

Also, it is better to check that the broker whom you are going to choose must be a member of the ABI, listed on their website.

It is also very important to remain healthy and safety to secure a indemnity insurance. You can use various healthy & safety performance indicator to check your health status.

Further, you can enlist your needs and desires and go for looking the best broker for getting insurance coverage.

Professional Indemnity

2007-10-10T05:14:00.000-08:00

Professional Indemnity for Architects and Engineers

Professional indemnity has changed the face of service industry. Now, professionals have gained greater confidence to practice their skills and specialized knowledge for people. However, indemnity insurance is really important for every practicing professional but architects and engineers have a special meaning of professional indemnity insurance. The nature of the work for architects and engineers is really crucial. In many cases they might have to face third party liability for breach of the contract, practicing beyond the licenses, errors and omissions while chalking out plans and designs, negligence in site survey, selection about the materials, increment of license construction costs, and negligence of supervision of site.

To deal out these situations, architects and engineers need professional indemnity insurance to back their difficult situations. Any practicing architect and engineer can apply for indemnity insurance cover to get a tension free life.

Professional Insurance

2007-10-05T22:09:00.000-08:00

Professional Indemnity for Medical Practitioners

Professional indemnity for medical practitioners is of great importance in today’s world. Under this policy, all registered medical doctors and other practitioners have the benefit to get damages coverage against any loss or omission during the course of service provided to the third party. Moreover, it also means that a doctor or his assistant with whom risk coverage has been taken come under the net of insurance and will be compensated in case of loss occurred. However, for claiming the insurance coverage, applicants have to move to legal jurisdiction or courts. Sometimes, insurance companies also agree for a mutual settlement, if the insurance liability is provided under the agreement or policy.

Professional Indemnity

2007-09-08T04:59:00.000-08:00

What professional indemnity insurance doesn’t cover?

Criminal Acts are uninsurable as a matter of public policy. Hence, any professional indemnity insurance policy will not include any claims that arise from dishonesty or malicious acts. Losses that constitute fines and penalties as a result of criminal acts are also excluded. However, you should know that despite these exclusions, you can normally obtain a professional indemnity cover for the costs of successfully defending a criminal action.

Internal Issues are not accounted for by any professional indemnity insurance. These situations typically arise if your staff goes on strike as a result of which you cannot offer your service as promised.

Professional Indemnity cover is restricted to claims alleging financial loss arising from bodily Injury and Property Damage Claims for bodily injury and property damage are therefore excluded. Generally, such losses can be covered under General Property and Liability Insurance policies.

No professional indemnity insurance policy will include claims arising from representations made about the likely performance of the fund, or any commitment made to achieve certain returns. Moreover, any liability accepted under a contract will be excluded unless that liability would have existed even in the absence of that contract.

PI Insurance

2007-08-26T23:43:00.000-08:00

Do you need a professional Indemnity insurance?

Are you in the business of selling your knowledge and expertise to others who are ready to pay the price? If yes, then you are a ‘professional’ and you should definitely get yourself a professional indemnity insurance cover.

Professional insurance will primarily protect you in the event of your failure to deliver your service/product up to the agreed standards. Such inability often leads to legal battles, which often are considerably costly. Moreover, any professional should bear in mind that competing with any organization in the court can be a really costly proposition. Other than this, professional indemnity also includes the cost you might have to incur to make up for the losses.

Professional indemnity insurance is widely popular across the United Kingdom and more and more professions are now being included in the veil of professional indemnity. However, the kind of businesses that usually need this cover are professionals offering a service or advice such as architects, accountants, solicitors and consultants.

Note! To avail professional indemnity insurance, you need to be covered when a claim is made, not for when the mistake is made. Hence, be insured early.

Professional Indemnity

2007-08-07T23:26:00.000-08:00

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.

Professional Indemnity Insurance

2007-07-14T03:03:00.000-08:00

Do not risk your business get professional indemnity insurance

If you are a freelance contractor, professional Indemnity insurance will protect you in case of unforced errors from your part have led to projects being cancelled because of which your client has sued you for the failure. In case such a scenario occurs, you need to have the resources to protect yourself because legal proceedings and claims can often turn out to be costly. It really does not matter how careful you are while ensuring that you deliver everything as promised to your clients, you cannot prevent unforced and unintentional from occurring. Professional indemnity insurance is the best and the only option that can save you from such unwanted incidences. Interestingly, you can even use your professional indemnity insurance to cover you against potentially payable damages.

There is a widespread misconception that professional indemnity insurance is costly. The reality is, in fact, quite contrary to this. In fact, what you pay for professional indemnity insurance depends on such factors as your yearly income, the nature of your business, the industry that you cater to, and the way in which you undertake a contract. For you knowledge, professional indemnity is claimable up to 5% allowance as a 'Schedule E' expense. When you consider these facts, professional indemnity insurance may no longer appear to you to be as expensive as it appeared before.

How much professional indemnity cover do you require?

2007-06-28T05:57:00.001-08:00

This is the most common question put up by contractors. The ever-changing industry scenario and the cutthroat competition leave very little space for errors. Contractors, being the softest targets, are the worst and the obvious sufferers. Today, most contractors have realized the need for professional indemnity insurance but the confusion is about the extent of cover.

If you are a contractor and are not quite sure about the extent of cover that you need, you should understand that no two businesses are the same and therefore there cannot be any specified amount that will suit the needs of one and all. Professional indemnity cover that you need depends on the specific nature of the services would be providing. For example, if you are an IT service provider, you need to calculate the amount of your business and accordingly devise the cover. When you do this, you have your entire business covered.

Professional Indemnity Insurance

2007-06-19T22:34:00.000-08:00

Skipping errors to minimize professional losses

Doesn’t matter how much careful and professionally one remain but errors are bound to happen. Sometimes they can cost you a fortune and goodwill to your business. It is essential to protect your business from such losses and typically from litigation & claim made by dissatisfied clients. Professional Indemnity Insurance is increasing a great fold and the insurance providers have reduced their interest rates. Indemnity insurance is being encouraged though out the market. Recent professional indemnity cases has shown that contractors are widely becoming aware of possible litigations that can hamper their business a great deal and taking steps to make it null and void. Professional Indemnity has become almost next to compulsory for any business.

Indemnity Insurance

2007-05-31T03:02:00.000-08:00

Why professional indemnity insurance is indispensable?

IT contractors are especially vulnerable, when undesirable situations that occur out of unmet deadlines are concerned. A brief look over our shoulders will bring plenty of such evidences where IT contractors and small business have vanished. Of these, contractors are the obvious losers… they are neither supported by funds to counter the legal aspects nor the professional expertise to decide what best can be done to inflict minimal losses. The situation is equally grim for startups.

The need for professional indemnity insurance had been felt quite long ago, but what lacked was anticipation. In fact, even today most contractors do not foresee the risks, and think their work is fine and so is their clientele. The dream breaks when an allegation is suddenly placed, sending them totally in disarray. The cost to defend a claim, the cost to cover a litigation, the cost to give a compensation, everything take their respective tolls on the contractor…and the obvious result is bankruptcy.

What can professional indemnity insurance protect you against?

Libel & Slander
False acknowledgment of authorship
Copyright infringement
Trademarks infringement
Intellectual property right infringement
Confidentiality infringement
Breach of normal rights, and
Negligent statement causing harm to clients

Professional Indemnity Insurance

2007-05-25T00:09:00.000-08:00

Resources for Professional Indemnity Insurance -

Professional Indemnity Insurance

2007-05-11T02:40:00.000-08:00

Addressing the proper property insurance and risk management needs of building contractors developers, civil engineers, builders, etc., is something that very few specialists realize. This is where www.CoulsonPritchard.com differs from the rest. We focus on the actual needs of contractors and devise effectual contractor insurance policies. We have a handpicked team of construction industry professionals who believe in working closely with contractors to customize property programs. We offer specialized contractor insurance policies for residential as well as commercial contractors, which are noted for comprehensive coverage, built-in additional features, and more, making us one of the leading organizations offering contractor insurance policies.

Professional Indemnity

2007-04-25T21:57:00.001-08:00

Professional indemnity insurance protects contractors or individuals working under contracts against legal liability towards their clients for injury, loss, or damage, arising from his own professional negligence or that of his employees. Most professionals carry professional indemnity cover, as compensation sought by clients can sometimes be high enough to land them down in deep trouble. If you are a contractor, you should certainly opt for a professional indemnity cover to protect your business against compensation sought by your clients in the event of any unforced error has resulted in substantial losses by the client. Professional indemnity insurance will also cover any legal costs.

Income Protection Insurance - What benefits should you expect?

2007-04-14T00:44:00.000-08:00

Contractor Income Protection

In a life policy, there is a set sum assured which is paid if you die. In a private medical policy the insurer pays the costs of treatment up to selected limits. In a health cash policy the insurer pays out pre set sums. An income protection plan / policy is completely different... read more

Coulson Pritchard - Articles

2007-04-13T02:05:00.000-08:00

Freelance Insurance & Contractor Mortgages Articles

We have recently launched our new article section which comprises of various articles on Contractor Financial Services, Contractor Mortgages, Freelance Insurance & Business Insurance subject. Currently we are listing with 10 articles that also includes information about contractor pension, Income protection schemes available to UK professionals, tips on choosing contractor bank account.

Contractor Mortgages - Is Self Certification Right for you?

2007-04-13T02:04:00.000-08:00

Self Certified Mortgages

If you are self employed, a contractor or freelance professional, have irregular income, earn income from bonus or commission payments or have multiple jobs, you're one of many people in the UK who know they can afford a mortgage, but will likely encounter difficulty getting a standard mortgage. Fortunately specialist products are available designed to meet your needs.

In the last few years, there has been a proliferation of new mortgage products which have been developed to meet the needs of a wide range of borrowers, some of whom may have formerly been excluded from the mortgage market altogether because they could not fulfill conventional criteria for verifying their income... read more

UK Housing Market - What can contractors expect in 2007?

2007-04-13T02:03:00.000-08:00

UK Housing Market

Making predictions can be a dangerous game and if there's one topic that divides opinion it is the property market.

Last year, many of Britain's housing market experts called only modest increases for 2006, of between 1% and 4%. But it wasn't long before the London-led property revival saw a raft of revised forecasts.

Similarly, armchair pundits who had suggested doom and gloom were left stranded by reports that prices were rising rapidly. The general consensus among the major house price reports was that prices ended up rising by an average of around 9% in 2006... read more

Self Employed Mortgage and Self Certification Mortgage

2007-04-13T02:02:00.000-08:00

Self Employed Mortgage

You're self-employed and you want a mortgage. Be thankful this is 2007 and not 1986, when scorn and derision would likely have been the response from lenders to your request. But attitudes, influenced by mortgage competition, change, and with the introduction of the self-certification concept some 15 years ago, that pariah of responsible borrowing - the self-employed - is in from the financial cold... read more

Income Protection For Contractors

2007-04-13T01:56:00.000-08:00

Contractor Income Protection

Most banks and building societies are tied to a single provider, so you just get their branded deal. Banks make a lot of money by selling various income protection products, with a mortgage or loan. A few deals are constructed in such a way that you cannot separate the finance and protection. Most deals offer you some cover, which tends to be priced on the high side, and may not suit your individual circumstances. Some even make you pay for it if you do not opt out, while others will suggest it is part of the overall deal. In practice, in the vast majority of cases contractors have the freedom to look elsewhere in the market for a cheaper and/ or more suitable insurance...read more

A Guide to the new pension tax regime for contractors

2007-03-25T20:49:00.000-08:00

Contractor Pension

The Finance Act 2004/5 contained proposals to simplify pension legislation. As of the 6th April 2006 (known as A day) these proposals have taken effect. Whether you are just starting your career as a Contractor or you are a Freelance Specialist about to retire, you need to know how these changes could affect the way that you plan for your Retirement... read more

Tips on choosing a contractor bank account.

2007-03-25T20:44:00.000-08:00

Contractor Banking

One of the earliest decisions you need to make when you start up in business as a contractor is which bank account to opt for.

Tempting as it may be to simply open a business account with your existing bank, you could be missing out on lower charges and higher interest on a balance in credit. Over the long term, you could be depriving your enterprise of a significant amount of money... read more

Checklist for Professional Indemnity Insurance

2007-03-16T23:22:00.000-08:00

Indemnity insurance can be obtained by professionals on their own, or through groups, such as employers or associations. Legitimate professional indemnity insurance is offered only by a few service providers and your choice may vary according to the risk covered. Professional indemnity is an exceptional guard particularly for small business and contractors. Following are the main features that you should look for in a typical indemnity insurance policy:

* Libel and Slander
* Loss of documents
* For negligence or breach of a duty of care
* Infringement of intellectual property rights
* Dishonesty of employees
* Fidelity
* Unintentional breach of confidence
* Infringement of copyright and intellectual property rights
* Negligent misstatement or misrepresentation

Business insurance cover for freelance professionals and contractors of UK

2007-03-13T02:00:00.000-08:00

Business Insurance

Freelancing is becoming an increasingly lucrative way of living. Thanks, to the changing industrial scenario where the spotlight is now on contracting out major portions of work for reasons whatsoever, sky is actually the limit for freelance contractors...READ MORE

IR35/Legal Expenses Insurance and its significance in the world of freelancing!

2007-03-06T01:38:00.000-09:00

Legal Expenses Insurance

Ever since its inception, IR35 has brought about substantial changes in United Kingdom’s taxation history. The IR35 legislation has been intended towards increasing tax and National Insurance (NIC) from the service industry since the government views that such small limited companies are increasingly being used to disguise employment. To read more about IR35/Legal Expenses Insurance...CLICK HERE

Professional Indemnity Insurance and its significance in the world of freelancing!

2007-03-06T01:33:00.000-09:00

Professional Indemnity Insurance

Professional Indemnity (PI) Insurance has become very vital among the contractors and freelance consultants. Every professional now prefers to carry a professional indemnity cover to forego the risk involved in selling the skills and services on contractual basis. To read more about Professional Indemnity Insurance (PI) Insurance...CLICK HERE

IT Contractors reaps the benefit of Insurance

2007-03-02T02:18:00.000-09:00

IT Contractor Insurance

Information and communications technology requirement precede any other organizational requirement for proper functioning of organizational processes. To reap the benefits of IT, more and more organizations are seeking for active ways to incorporate IT in their processes. The obvious gainers of this situation are IT contractors. Today more and more organizations are relying on them for efficient functioning of the IT department.

However, there are situations when the desired result fails to be achieved, leading to significant losses being inflicted by the organization. To make matters worse, these losses are often passed down to contractors and compensations are sought, making IT contractors a vulnerable lot. IT contractors insurance takes care of this. If you are an IT contractor selling your skill, knowledge, or product, you should definitely consider seeking an insurance cover, because you never know where things might go wrong.

Coulson Pritchard Associates, a specialist in the field of insurance are insuring freelancers of UK since 1996. They offer affordable rates for various insurance scheme for e.g. £165 p.a. for Professional Indemnity (PI) Insurance and £112 p.a. for Combined Business Insurance.

Products for IT Contractors Insurance

Professional Indemnity (PI) Insurance
Combined Business Insurance
- Public Liability – Limit of Indemnity £1 Million
- Employers Liability – Limit of Indemnity £5 Million
- Business Equipment – Sum insured £5000
- Business Interruption – Sum insured £2500
Legal Expenses Insurances
Personal Accident & Travel Insurance
Health & Safety Insurance

Coulson Pritchard Associate

2007-03-02T01:44:00.000-09:00

Coulson Pritchard Associate is a leading insurance solution and mortgage solution provider for freelance professionals of UK. Among various services that being offered by Coulson Pritchard, following are the prominent:

Professional Indemnity (PI) Insurance
- IT Contractors
- Design Engineers
- Interim Managers
- Business and Management Consultants
Financial Services
- Contractor Income Protection (PHI)
- Contractor Critical Illness
- Contractor Life Cover
- Contractor Pension Advice
- ISA (Individual Saving Account)
IT Contractor Mortgages
- Mainstream Mortgages for Contractors
- Self-Certified Mortgages
- Buy to Let Mortgages
- Re Mortgages
IT Contractors Personal Accident, Sickness and Travel Insurance
Legal Expenses and IR35 Insurance
Business Bank Accounts