Professional Indemnity (PI) insurance provides cover if you are alleged to have provided inadequate advice, services or designs to a client. Professional Indemnity insurance provides cover for the legal costs and expenses in defending the claim, as well as compensation payable to your client to rectify the mistake.
Business owners could face paying exorbitant fees for damages if their Public Liability Insurance policy proves to be insufficient for their needs. You'll find that your insurance policy covers a vast range of situations, but generally speaking, a public liability insurance policy covers your business if someone is injured in some way by your business, or if you damage third party property when carrying out work. Bear in mind that even a minor scratch to personal property could lead to hefty fines, especially as you could be required to pay legal fees if the case goes to court, and these too will be covered by your policy.
RUSA Speciality Risks is a specialist in medical risks. The firm has access to a large range of medical malpractice insurers, some of whom treasure RUSA Speciality Risks 's ability to assess medical malpractice risks.
Hackers are increasingly targeting smaller businesses which cannot afford sophisticated IT security. This is combined with the new General Data Protection Regulations (GDPR) which come into force on May 25th 2018.
Directors and officers liability Insurance is liability insurance payable to the directors and officers of a company, or to the organization(s) itself, as indemnification for losses or advancement of defence costs in the event an insured suffers such a loss as a result of a legal action brought for alleged wrongful acts in their capacity as directors and officers.