You may excel in your profession, but deep down dwells the worry of uncertainty, no matter how affirmative you are in what you do. As a professional in your line of work, you deserve to perform out of no fear in the event of such uncertainties that are likely to occur during the course of activity, be it:
- Professional negligence
- Breach of professional duty
- Loss of documents
- Loss of data
- Unintended breach of copyright and/or confidentiality
- Loss of goods
- Loss of money
…so on and so forth.
This brings to attention that, what you seek is to carry out your work with greater confidence and peace of mind. Hence,
Professional Indemnity Insurance.
In a nutshell, this is an insurance product designed for professional entities and their people, which covers them in the event of certain errors made during the course of their business.
Why you need it?
Mistakes happen. Regardless of the number of years that your firm has been operating, regardless of the experience gained, there always stands a possibility that you or a colleague/team mate could make a mistake.
Why it matters?
Professional Indemnity Insurance covers a professional for their work. It covers the legal costs and expenses that might be incurred as a result of a legal case being made against a professional for their mistake. As an overall, it is important for a business as it brings out the freedom to offer services without having to build in the potential additional cost of any mistakes that the future holds.
So, Professional Indemnity Insurance matters. Be protected against the undesirable and unexpected business outcomes. Perform competitively. Perform professionally.
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HNB General Blog 