Risk Management - Insurances, Professional Indemnity Insurance
When operating a limited company it is vital to consider whether your company and the individuals operating through the company need to take out any insurance. The need to take out insurance may be due to a legal obligation, a contractual requirement or indeed simply due a personal need.
Professional Indemnity Insurance
Such insurance may be required if your company is giving professional advice to third parties. The insurance will cover any actions brought against the company for claims of negligent advice given by your company.
Professional specialists such as accountants, lawyers and architects are often required to hold this insurance.
The level of cover required will vary depending on what your client insists upon. However, current requirements tend to range from £250,000 - £5 million.
See also in this section...
- Employers & Public Liability [Read Fact Sheet >>]
- Professional Indemnity [Read Fact Sheet >>]
- Employment Law [Read Fact Sheet >>]
- Offshore Insurance [Read Fact Sheet >>]
- Directors and Officers Insurance [Read Fact Sheet >>]
- Permanent Health Insurance [Read Fact Sheet >>]
- Tax Inquiry [Read Fact Sheet >>]
- Drivers Loss of Licence [Read Fact Sheet >>]
- Medical Insurance [Read Fact Sheet >>]
- Travel Insurance [Read Fact Sheet >>]
- Death In Service [Read Fact Sheet >>]
- S660A Insurance [Read Fact Sheet >>]
- Public Liability Insurance [Read Fact Sheet >>]
- Key Man Insurance [Read Fact Sheet >>]
- Jury Service Insurance [Read Fact Sheet >>]
- IR35 Insurance [Read Fact Sheet >>]
- Equipment Insurance [Read Fact Sheet >>]
- Combined Liability Insurance [Read Fact Sheet >>]
- Income Protection Insurance [Read Fact Sheet >>]