Computer Consultants Indemnity Insurance

October 21, 2008 · Filed Under Computer Consultants Indemnity Insurance · Comment 

Setting up an IT consultancy business or just going it alone as a computer expert can be a rewarding experience, particularly when it takes off and leads to a good reputation within the industry. However, with each contract comes a level of legal risk. As a hired professional, a computer consultant is expected to make recommendations and complete work that delivers results. With many firms almost completely relying on IT, a mistake can be costly and lead to a legal claim. This is why computer consultants indemnity insurance can be a lifeline in the right circumstances.

Indemnity insurance protects a company or individual should they face a legal claim from a client which has suffered financial harm due to a mistake which has been made. Say a computer consultant installs virus protection software for a firm, but an error made during installation means it is not working correctly. If a virus then gets into the firm’s system because of the mistake and causes loss of data, the firm may sue the consultant for any financial loss they experience. An indemnity insurance policy would cover a consultant’s legal bills which are run up defending the case. It will even cover the cost of damages awarded to a client, subject to certain limitations.

A computer consultant’s indemnity insurance policy will also usually protect an individual or firm should they face a legal case which alleges they committed libel or slander or that they defamed a client. It will also kick in should a policyholder face a claim that they breached a client’s confidentiality or that they breached someone’s copyright. Indemnity insurance will also pay out to defend a case which may result from the dishonest actions of an employee.

The cost of a policy will normally depend on what level of cover the firm or individual asks for. For example, a computer consultant looking for cover which stretches to £50,000 in legal fees can expect a smaller premium than if they want cover for legal bills up to £2 million. Although it involves an outlay, computer consultants indemnity insurance can help a company or sole trader quickly defend their reputation and even allow them to continue working as normal in the face of a legal claim.

Management Consultant Indemnity Insurance

October 20, 2008 · Filed Under Management Consultant Indemnity Insurance · Comment 

A professional management consultant is employed to make decisions and help clients get the best out of a business. Although this is typically done to a high standard, it is a job that unfortunately carries with it a number of risks. A management consultant, as a hired expert, is subject to a long list of expectations and responsibilities. Mistakes can be costly and can even result in a legal claim through the courts.  Management consultant indemnity insurance  is designed to guard a business against these risks.

Many firms actually require a potential contractor to have indemnity insurance in place before they will even consider working with them. It covers an individual or firm in the event they face a legal claim for financial loss from a client which occurred as a result of advice they gave to that client, ie, they made a mistake or committed negligence during the provision of the advice or service. The cover will typically meet the legal costs of defending such a claim and even pay any damages which are awarded to a claimant, up to certain agreed limits.

It will sometimes also protect a firm against claims from members of the public who are injured or suffer damage to property as a result of the consultant’s work and then make a claim. This is known as public liability insurance. Indemnity insurance policies will also usually pick up the legal tab should a consultant suffer a libel, defamation or slander claim against them, or face a claim for breach of confidentiality or infringement of intellectual property rights. Even if an employee commits an act of dishonesty, and, say, steals from a client, the cost of defending this case and compensating a client will also typically be covered. Cover will also usually be provided should a consultant lose or damage important documents belonging to a client.

The cost of a policy will usually depend heavily on the limits which are agreed with an insurer. A consultant who wants cover for legal bills up to £100,000, for example, can usually expect a cheaper bill than a management consultant who wants cover for legal costs up to £2 million.

Time is also an important factor when it comes to considering legal risk. A claim can arrive months after a related event took place. If this is a concern, a policy can contain retroactive cover. This will ensure protection should a claim arrive which relates to something which happened before a policy was purchased. ‘Run off cover’ will provide a period of protection after retirement or when a business stops trading. Once in place, Management consultant indemnity insurance  can then help a professional to provide the best possible service without worrying what would happen should an unlikely mistake occur.

Computer Contractors Insurance Quote

October 19, 2008 · Filed Under Computer Contractors Insurance Quote · Comment 

A professional computer contractor, whether an individual or company, is hired by clients as an expert in their field to provide top notch advice. Although an insurance policy might not be at the top of every start-up’s jobs list, the right kind of cover can be essential for anyone who provides guidance and contracted services for a living. Legal pitfalls in particular can be a cause for concern, and anyone looking for protection can seek a computer contractors insurance quote from a provider.

Computer contractors insurance which includes professional indemnity insurance is designed to meet the cost of legally defending any claims made against the firm or individual. Claims may be made following a mistake or negligent act which financially injures a client, meaning they lose money and seek redress through the courts. A contractor can even find they are sued by a client which is merely unsatisfied and has no valid legal argument. Even defending such claims successfully can be extremely expensive. Professional indemnity cover will pay legal bills and even the cost of any damages that may be awarded to a claimant, subject to certain limits. Although such claims are not an everyday occurrence, they do happen and can be extremely damaging to a firm which does not have a policy in place.

The right insurer will not only step in but step in quickly in the event of a successful claim, meaning a business can defend its reputation quickly and continue to concentrate on other clients. The size of a computer contractors insurance quote will depend on exactly what the proposed policy covers and what its limits are. A professional indemnity insurance policy which covers legal costs up to £1 million for example, is likely to be costlier than cover up to £100,000.

Computer contractors insurance which includes professional indemnity insurance will also typically cover a firm or individual against other legal risks. For example, it will often cover the cost of defending a libel, slander or defamation claim and guard against loss or damage of documents or breach of confidentiality.

Getting a computer contractors insurance quote is the first step on the road to protecting a business against the legal risks that exist when providing a service. It can provide peace of mind and even keep a business on its feet in the face of spiralling legal costs.

Computer contractors insurance

October 18, 2008 · Filed Under Computer Contractors Insurance · Comment 

Although by no means the norm, legal cases are now a real and present threat to companies which specialise in working on a consultancy and contractual basis. Computer contractors are no different in that they are entrusted by clients to provide a professional service and are seen as experts in their field. Some companies might rely on such consultants to organise their IT security or plan detailed network upgrades. Any mistakes could prove costly for the firm involved and lead to them suing for damages. This is where a computer contractors insurance policy can be the difference between a firm or individual carrying on virtually as normal or facing a potentially crippling legal bill.

A computer contractors insurance policy which includes professional indemnity insurance will meet the cost of defending a claim which arises from a computer contractor making a mistake or behaving negligently. An error which, for example, leads to a serious network security breach could lead to a client suffering financial injury which they may make a claim for. An insurance policy which includes professional indemnity will payout to cover the costs of defending such an action and will even cover the cost of any compensation awarded to a claimant. However, as with many other types of insurance, excesses and agreed limits apply. So, the amount of cover which is agreed at the start of a policy will typically affect the cost of the premium.

The accusation that an error has been committed is not the only legal hazard and a policy will normally also protect a contractor should they commit unintentional defamation, libel or slander during the course of their work. They will also be protected should they lose or damage important business documents or accidentally breach a client’s confidentiality or commit a breach of copyright. The possible dishonesty of any employees is not an easy thing to consider, but should a worker, for example, steal something from a client, professional indemnity insurance will cover the cost of defending any legal case and, if necessary, again paying compensation. Computer contractor’s insurance which includes professional indemnity cover will also typically be available with what is known as ‘retroactive’ cover. This is something factored in to deal with the slow nature of legal claims – one may arrive after the policy was taken out but in reference to something which may have happened before it started. A retroactive policy is catered to deal with this. Similarly, ‘run off’ cover will provide protection for a period after retirement or when a business stops trading.

Computer contractors insurance with professional indemnity cover is designed to provide peace of mind against the possibilities of legal claims. With all the goodwill in the world, mistakes do happen and today’s more legally-aware society presents a level of risk. Thankfully insurance is available that will help an individual or company operate safe in the knowledge a legal battle and bill will not unduly affect their business.

Security Consultant Professional Indemnity Insurance

October 17, 2008 · Filed Under Security Consultant Professional Indemnity Insurance · Comment 

Security is bigger business than it ever has been and firms big and small rely on the advice of professionals when it comes to effectively protecting people and property. Whether a company is installing locks and closed circuit cameras or a high-tech protection network for computer systems, they are expected to provide an expert level of service. In some cases they may be carrying out work which is expected to help safeguard the future of a business. Mistakes can, therefore, prove highly costly for clients which may be minded to sue immediately. This is where security consultant professional indemnity insurance can prove vital.

Should a client sue after suffering a financial loss as a result of security consultant’s mistake or negligent behaviour, a professional indemnity insurance policy will cover the legal cost of defending such a claim, which in some cases can run up bills totalling thousands of pounds or more. If a court finds in favour of a claimant and awards them damages to compensate them following a consultant’s mistake, these will usually also be covered, up to a certain limit agreed when a policy is taken out. Note excesses and limits which would be associated with more typical insurance policies also apply to professional indemnity insurance policies.

A security consultant professional indemnity insurance policy will also cover a firm or individual should they end up facing a claim relating to libel, slander or defamation or an accusation that they have breached a client’s confidentiality. Breach of copyright is also normally covered too. Employee dishonesty is an issue no business likes to dwell on, but should a worker steal from a client, for example, a professional indemnity insurance policy will also cover the cost of defending and compensating this too.

Legal challenges are often slow to arrive and a security consultant professional indemnity insurance policy can usually be arranged which will cover any claim made during the life of a policy which relates to an event which took place before the cover was ordered. Likewise ‘run off’ periods can be arranged and agreed which cover a firm or individual for a while even after they have stopped trading or gone into retirement.

Private Investigator Professional Indemnity Insurance

October 16, 2008 · Filed Under Private Investigator Professional Indemnity Insurance · Comment 

Private investigators are employed to provide a highly professional service and are entrusted to produce reports and make recommendations. Often a great deal will be riding on these recommendations and every investigator knows it is important to get their facts right. However, even with all the experience and training in the world, mistakes do happen. In such circumstances a private investigator professional indemnity insurance  policy can help protect against any legal case which arises as a result of the error.

The Association of British Investigators says a private investigator professional indemnity insurance policy is "an absolute business requirement" for anyone operating in the industry. Should an error be made a legal case may be laid against the investigator in question in relation to financial harm or loss, libel, slander or defamation. Other risks include being sued for breach of confidentiality and breach of copyright. A professional indemnity insurance policy will cover the legal costs of defending such claims made against an individual investigator or business. Cover will normally also be provided should any employees of an agency behave in a dishonest manner and steal from a client or another person while carrying out their duties. Any compensation or legal bill which results from such an action will often be included in the professional indemnity policy.

If an individual investigator or firm is found by a court to have been in neglect of their duties, any damages awarded against the policyholder will also be covered up to a certain limit agreed at the start of the policy. In some cases cover can mean an individual escapes having to cover a bill which runs into hundreds of thousands or even millions of pounds.

Professional indemnity insurance was once only considered by the likes of private medical experts and accountants, but a more legally aware and litigious society has led to a greater need. An individual or firm can face being sued for a variety of reasons. Professional indemnity insurance not only aims to give peace of mind but also effective cover in the event of being sued. Many providers aim to provide fast and efficient services so an individual investigator or firm can move to defend their reputation quickly and continue providing a top service to clients without the distraction of having to worry unduly about the outcome of a court case.

Even historic events can sometimes be covered by policies under what is called retroactive cover, provided a legal claim is lodged after the start of a policy, and many investigators arrange for cover to continue after they retire or stop trading so they do not get caught out by a case which arrives in connection with something which took place before they shut up shop. With all these factors combined, private investigator professional indemnity insurance  provides a valuable safety net and protection which can safeguard the future of a business in some circumstances.

Loss Adjuster Professional Indemnity Insurance

October 15, 2008 · Filed Under Loss Adjuster Professional Indemnity Insurance · Comment 

Professional indemnity insurance is no longer a type of cover only associated with private medical practitioners and solicitors. It is seen by more and more consultants and advisers as an essential safety net which must be in place before work starts. A loss adjuster is seen as an expert in his or her field and so is relied on heavily by insurance companies to provide the best possible recommendations and reports. Such a position means loss adjusters, existing and prospective, could all seriously consider loss adjuster professional indemnity insurance. The Chartered Institute of Loss Adjusters even recommends that all its members have an “adequate” professional indemnity insurance policy.*

Professional indemnity insurance protects a company’s or individual’s interests against legal claims which arise from a mistake or negligent act which results in financial harm. Errors do happen and such a policy can help some companies and individuals avoid the serious consequences of having to pick up in full any legal bills which may arrive as a result. The cost of settling some claims can run into thousands of pounds or more, enough to seriously disrupt most businesses, and cover will usually pay for these legal costs up to certain limits. Many firms will provide help in a swift and efficient manner, allowing the loss adjuster to defend their reputation quickly and carry on working while the case is dealt with.

A professional indemnity insurance policy will often come with some handy extras as well, including protection against the potential legal consequences of unintentional libel, slander or defamation. Protection will also be given should valuable business documents be lost or damaged, or if a client’s copyright is accidentally breached.

Legal cases often do not appear until weeks or months after a related event has taken place. To this end a policy can include retroactive cover which protects against the possibility of a legal claim arriving in connection with something which took place before the cover began. Companies or individuals can also arrange for cover to continue for a period after they retire or stop trading for extra peace of mind. With these measures in place a loss adjuster professional indemnity insurance policy can help someone get on with the job in hand and make clear judgements safe in the knowledge they are covered should an unfortunate error be made or an accusation be levelled.

* http://www.cila.co.uk/public/code-conduct

Immigration consultant professional indemnity insurance

Immigration consultants, as professionals in their field, carry a certain level of expectation that they will deliver an expert service. In today’s society, many people are more legally aware and are more likely to seek redress through the law should they receive a service below the standard they expect to get from a professional such as an immigration consultant. Immigration consultant professional indemnity insurance is designed to protect a sole trader or business in the field against the negative effects of such court action.

Professional indemnity insurance applies to mistakes or negligent acts committed during the conduct of a company’s business. One wrong recommendation can lead to a client suffering ‘business injury’ or financial loss due to the error, and they may be minded to seek compensation. A professional indemnity insurance policy will cover someone’s legal costs of defending such a case and possibly even any damages which may be awarded to a claimant. As with many other types of insurance, excesses and limitations apply to each individual policy and premiums may be priced accordingly.

Although the chances of such legal claims being made are usually relatively small, the cost of sorting them out can be huge and may lead to serious financial harm for some businesses. The correct type of policy will pick up the bill and reduce the stress associated with dealing with a claim. Professional indemnity cover will also provide protection for someone should they lose or damage important business documents or commit accidental defamation, slander or libel. It also covers things like unintentional breach of confidence.

Professional indemnity insurance is often associated mainly with private medical practitioners but is also commonly taken out by PR professionals, photographers, health and safety consultants and accountants – just about any professional which provides advice as part of their way of earning a living. Many policies also help to cover unpredictable pitfalls too. For example, many cases only emerge months after the related event. Policies are available which provide cover even for a case which is filed in connection with something which happened before the policy was taken out. However, a customer will not be able to make a claim on a case which was filed and officially arrived before a policy was adopted. This ‘time delay’ issue throws up the question of what happens to a claim which arrives after a company finishes trading or if the immigration consultant has retired. It may well still be valid and ‘run off’ immigration consultant professional indemnity insurance which caters for this can be agreed.

An immigration professional must deal with a number of clients and faces a tricky task to keep them all happy and deliver the right advice. An immigration consultant professional indemnity insurance policy helps an operative get on with the job without having to be overly concerned about the risk of legal action.

Fire Protection Consultant Professional Indemnity Insurance

Fire protection consultants have an important and trusted role to play in advising companies on how best to protect property and employees from risk. As such their advice must be accurate and reliable – lives and property may be at stake if their work is not reliable. Of course, the training and professionalism employed by the vast majority of consultants in this sector means mistakes are rare, but not impossible. A greater awareness of legal matters means a court case, based on valid or invalid arguments, is a greater risk than ever. Fire protection consultant professional indemnity insurance is designed to guard against such an unfortunate eventuality.

Professional indemnity insurance is designed to protect an individual or company if a client brings an action for a mistake or negligent act committed by a consultant. It is a type of cover popular with the likes of PR professionals, private doctors or medical practitioners, graphic designers and architects, among others. Should a fire protection consultant, for example, recommend the wrong kind of protective material for a building which then fails completely during a fire, a court case may be brought. A professional indemnity policy will provide funding for the legal defence of such a case, subject to a certain excess and maximum limit. Many policies will even cover the costs of compensation awarded to a claimant as a result of a case, again subject to a certain limit.

Professional indemnity insurance will also usually provide a number of extra benefits including protection for an individual consultant or firm should they lose or damage important business documents belonging to a client. A policyholder will also be protected should they commit unintentional defamation, libel or slander or breach a client’s confidentiality unintentionally.

‘Retroactive’ cover, which protects a consultant should a claim arrive which relates to an event which took place before a policy started, is also available. Many policyholders also opt for ‘run off’ periods, which provide cover for a period after someone retires or stops trading. Fire protection consultant professional indemnity insurance can therefore provide peace of mind and act as a safety net should a mistake be made, in many cases allowing consultants to carry on as normal even when facing legal action.

Travel agent professional indemnity insurance

October 12, 2008 · Filed Under Travel agent professional indemnity insurance · Comment 

When a travel agent recommends a break to a person and makes the arrangements accordingly, they are providing a specialist level of service which involves a high level of responsibility. With such responsibility comes a level of risk which has increased due to the more litigious nature of today’s society. A straightforward mistake can result in the disruption of someone’s holiday plans and even upheaval in their lives which can impact on work and family commitments. Travel agent professional indemnity insurance is designed to protect an agent in the event that they face a legal claim relating to a mistake or negligent act.

Anyone who has suffered a financial loss as a result of a holiday which has been disrupted due to a mistake made in the planning or arranging of it may be minded to make a legal claim. Defending such a claim in court, even successfully, is an expensive proposition and could even put some firms into serious financial difficulty, unless they have the appropriate cover. Professional indemnity insurance will pay the legal bills to help fight such a claim, up to pre-agreed limits. Many policies will even cover the cost of compensation awarded to a claimant by a court, again up to a certain limit. This may sound quite in-depth and extensive, but it is important to remember that a travel agent is seen as an expert in their field and as such is open to a potential claim if an error is made. Professional indemnity is not only taken out by the likes of doctors and psychiatric practitioners, but also by the likes of PR professionals, graphic designers and training consultants.

A policy will often not just guard against straightforward but costly errors, but will usually also protect a travel agent should they lose or damage important business documents, unintentionally infringe copyright or commit unintentional defamation, libel or slander. Should a client seek compensation due to the dishonest actions of an employee of a firm, ie should a worker steal from a member of the public, the compensation which could be sought for this will often be paid out by the policy.

Time lines are also important when it comes to insurance which relates to legal risk. Should an agency take out a policy and then face a claim which relates to something which happened before the cover started, what then? Many policies will provide what is known as ‘retroactive’ cover which is useful for just such an eventuality. Most policyholders opt for travel agent professional indemnity insurance which lasts for a period after they retire or cease trading so they have further protection in the event a claim arrives which relates to an historic event.

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