It has now become a norm for customers to seek legal compensation whenever they appear to be dissatisfied with professional services. In such a situation it would be most useful to have a professional indemnity insurance policy to protect you. Professional indemnity insurance takes care that the policy holder does not have to bear the expenses associated with a lawsuit made by an angry client. There are certain important characteristics associated with professional indemnity insurance.
Features of the Professional Indemnity Insurance
Legal Battles Taken Care of On Your Behalf
An important feature of professional indemnity insurance is that if a lawsuit is made by a client against you, then the investigation of this claim shall be done by the insurance company. The insurance company will look into the charges that have been leveled against you and will first take steps to find out whether or not these charges have any validity. If the charges are legitimate, the insurance company shall then proceed to fight out the case on your behalf in the court room. You will not be subjected to the hassles that entail a court case. You might have to present in court, but the entire case will be handled on your behalf by the insurance company.
Substantive Amount of Coverage
A very useful feature of professional indemnity insurance is that the coverage amount which this insurance policy entails is usually quite substantive. The professional indemnity insurance coverage amount will be one
that is more than sufficient to take care of the expenses that are incurred
when fighting a legal case. You will not be compelled to pay anything out of your pocket in such matters.
Thus, there are quite a number of beneficial features that are associated with professional indemnity insurance.
For the purpose of further information pertaining to professional indemnity insurance take a look at http://www.freelanceinsure.co.uk