Protecting your business with loss adjuster professional insurance

December 31, 2008 · Filed Under loss adjuster professional insurance · Comment 

A professional loss adjuster will be familiar with their responsibilities and be used to making difficult judgements based on limited information. Examining an insurance claim can often be similar to detective work and this means many companies rely on outside help to make a decision before issuing a large payout to a customer. However, if the loss adjuster does happen to make a genuine but serious mistake, the insurance company could end up paying out a lot of money on a wrongful claim. This means they have lost money unfairly, and creates the risk of a legal case. However, a loss adjuster professional insurance policy can help remove some of the associated stress of a court action.

In simple terms, loss adjuster professional insurance will normally involve some form of professional indemnity cover. This means the professional concerned can normally expect their insurer to pay any legal bills they run up while defending themselves against a court action brought by a client. Solicitor’s fees can sometimes run into thousands or even hundreds of thousands depending on the nature of the case involved – this means some people may end up defending themselves or simply wind up in massive debt. Professional indemnity ensures the loss adjuster is covered should they make an error or omission during their day to day work.

As with other types of insurance policy, an excess will apply, set at the start of the policy, and there will also be limits as to how much an insurer will pay out. It is up to the individual concerned to decide what level of cover they are after. They may feel their own level of risk lies in just a few thousand pounds of legal bills, or perhaps a bigger policy is needed.

Loss adjuster professional insurance which includes professional indemnity will also normally involve protection for other legal risks like allegations of defamation, breach of confidentiality, or copyright infringement. Public liability insurance will either be included or be an optional extra too. With levels of cover available to suit almost any business or budget, protection needn’t be expensive and in some cases can save a company hundreds of thousands of pounds should it ever face a serious legal case.

Private investigator professional insurance can be essential

December 30, 2008 · Filed Under private investigator professional insurance · Comment 

The average private investigator will be used to taking chances, be it in the course of running a surveillance operation or while making decisions which affect the business. However good an investigator is, there is always the threat of legal action should a client or subject feel they have a cause for complaint. One mistake can lead to a lawyer’s letter and even a court appearance – never a cheap experience – but private investigator professional insurance could help to pick up the bill and take away the potentially damaging financial implications.

Private investigator professional insurance which includes indemnity cover will protect an investigator if they make a mistake or commit an act of negligence during their day-to-day business. It will pay legal bills up to agreed limits if they have to defend themselves in court and will even pay compensation to a complainant if it is awarded.

For example, if while investigating someone for a corporate client, a professional needs to obtain documents which contain personal information belonging to a subject, there is a chance they will be accused of breach of confidence in certain circumstances. Insurance which includes professional indemnity cover will also cover this circumstance, as well as any allegation of breach of copyright or defamation. Some policies will also include extras like public liability insurance. Also, if an investigator runs an agency which has a number of people on its books, any employees dishonest actions, such as theft from a subject or client, will also normally be covered. An investigator may, from time to time, be entrusted with a client’s important documents or even data on a disk. If this happens to be lost or damaged, resulting in a claim, this circumstance will also normally be covered by a policy.

Different levels of cover available mean a firm can select anything from around £50,000 of cover up to millions if they feel this is appropriate. Is important to make the right judgement about what is needed to avoid the risk of being under-insured and still being landed with a large legal bill even though you have insurance.

If an investigator decides on a change of career or winds down the business, ‘overrun’ or ‘run off’ cover can be arranged which protects against any claims which may arrive which relate to when they were still working. Backdated cover is also available for anyone who is changing insurer or who has been operating for some time but has only just arranged protection. This means the right private investigator professional insurance could help guard against most of the common legal risks associated with the industry – even if someone is worried about a claim arriving which relates to something which happened months ago.

Photographer professional insurance explained

December 29, 2008 · Filed Under photographer professional insurance · Comment 

From straightforward wedding pictures to higher level national press work, the roles of photographers are broad and diverse. Whether a professional is part of a large agency, media organisation, or acting as a freelance, they are likely to get a wide variety of work. As someone providing a professional service which can also involve a good degree of public exposure, a photographer’s job therefore carries certain legal risks, not all of which might be immediately apparent. A photographer professional insurance policy will help guard against these risks and can help cover almost any possible pitfall.
Cover which includes professional indemnity insurance can be crucial for some professionals as it guards against the risk of being sued by an unhappy client or member of the public. For example, a freelance photographer might take a range of shots in a public place and then post them on a web site for sale. Rightly or wrongly, any member of the public who is depicted in the shops could feel they have been defamed in some way by the pictures’ publication. Indemnity cover could help protect against such an action if it reaches court and runs up legal bills.
The policy will kick in and pay legal costs of hiring a legal team and even pay any compensation if it is awarded to a complainant. Defending even a wrongful claim in court can be expensive, and photographer professional insurance with professional indemnity cover will take away this factor, up to agreed limits.
Policies will also provide protection against any legal case which arises because a photographer has committed an unintentional mistake during the normal course of their business. This could be useful for commercial photographers who are hired to shoot pictures designed to be part of a campaign which promotes a company. Cover will also be provided for things like breach of copyright and breach of confidence.
Some professionals might be covered by a policy which covers any organisation they belong to as an employee. Others may need cover but not at the level of which a large agency would. To this end, policies are quite flexible, and are available with different excesses and payout limits.
Professionals who are changing career or retiring can often arrange overrun or run off cover for any claims which arise after they have ceased trading. Likewise, those changing insurer or setting up a policy for the first time can opt for retroactive cover providing protection for any event which occurred in the past which results in a sudden and unexpected claim in the present. Photographer professional insurance can therefore be arranged for virtually any business, big or small, and could provide a vital lifeline in the face of what would otherwise be a stressful legal experience.

Management consultant indemnity insurance for professional people

December 28, 2008 · Filed Under Management Consultant Indemnity Insurance · Comment 

Being hired by companies to provide professional advice unsurprisingly carries a large amount of responsibility. Management consultants in particular are relied upon to impart expert knowledge which in some cases may help safeguard the future of a business. Although normally successful and highly rewarding, the industry is not without its risks. As the economic climate becomes more unstable and more and more companies find they are facing financial challenges, more of them might turn to outside help. If a hired management consultant is unsuccessful in their intervention, they may rightly or wrongly get the blame for any financial loss or damage which incurs as a result. This is why management consultant indemnity insurance might be an even more important thing to consider in times of a downturn.

Indemnity insurance could be a phrase which conjures up thoughts of complicated and technical procedures and high premiums in the minds of some professionals. The reality is cover is quite simple and need not be overly expensive.

To start with, the typical indemnity insurance policy can help protect a policy holder if they face legal action following an alleged mistake, omission, or act of negligence. The mistake can be real or perceived on the part of the client – the result of a case will not affect the level of cover.

A legal claim will mean having to hire legal help to defend the accusation and this can be very expensive. A management consultant indemnity insurance policy will kick in and pay the legal bills which are are run up. Many companies which specialise in this type of policy make a point of ensuring they react quickly to claims – legal disagreements can be stressful and can distract someone from the day to day running of their business so a swift response is usually important.

An excess can be agreed with the insurer, which will affect the cost of the premium, and different limits can be set for how far an insurer will pay out – up to millions of pounds worth of legal help if necessary. Management consultant indemnity insurance will also normally help protect the policyholder if they are accused of losing or damaging a client’s legal documents – and this could be particularly important for the temporary management consultant who needs a large amount of company documentation to help them complete their assignment.

This type of management consultant indemnity insurance policy will also go so far as to help protect a consultant if they are accused of breach of copyright, breach of confidentiality, defaming someone, or even if an employee of theirs is accused of dishonesty. Policies are also designed to help policyholders avoid regular legal trip-ups. For example, run off and retroactive cover can be arranged to help protect someone from a legal claim which arrives relating to something which happened either before they took the policy out or after they retire or cease trading.

Management consultant indemnity insurance for professional people

December 27, 2008 · Filed Under Management Consultant Indemnity Insurance · Comment 

Seeking out all kinds of insurance can sometimes be a chore, from basic home and contents insurance to complicated business cover. A managerial adviser could make things easier for themselves by seeking out a management consultant indemnity insurance professional, such as a broker. A broker, essentially a middleman, will contact a number of cover companies on your behalf to seek out quotes after they have been given enough relevant information about your business.

Many people choose brokers when it comes to indemnity cover to make things simpler. While the market is broad, this type of insurance is not as widely available as, say, car insurance and is often seen as a more specialist product. This means a broker can provide a quick and easy way to a number of quotes from a number of different providers.

The basics of indemnity insurance are straightforward. It can help protect a management consultant in that it will help pay legal bills should they have to defend a legal case after making a mistake, error, or omission. A claim following an accusation that an act of negligence was committed by a consultant will also usually be covered.

Cover is available for firms big and small and premiums vary, typically depending on what level of cover the policyholder opts for. For example, a policy which offers payouts for legal bills up to £80,000 will be cheaper than one that offers protection for up to £250,000 worth of solicitors’ fees.

When contacting your chosen management consultant insurance professional it is important to think about what your individual company needs. A firm which deals with clients that require them to work in public places might want public liability insurance too, for example, and this can be included with many policies.

Some policies also include the likes of protection for allegations of breach confidentiality or copyright, or even libel actions following accidental defamation. It might also be worth checking with the management consultant indemnity insurance professional as to what options an insurer can offer regarding overrun or run off cover, should you choose to switch insurer or wind down the business in future.

Interim manager professional insurance explained

December 26, 2008 · Filed Under interim manager professional insurance · Comment 

In more uncertain financial times, more companies may find themselves in serious difficulty and acquire outside help in order to get back on a sure footing. Some may be more inclined to hire a professional consultant to provide advice about how they can fix problems and turn their fortunes around. An interim manager may be taken on to either look at one section of a company or simply all of it. Although most contracts pass satisfactorily and without incident, mistakes can sometimes be made which means interim manager professional insurance may be necessary for freelancers and firms operating in the sector.
This type of cover will often include professional indemnity insurance and public liability cover. It is available both for individual sole traders and larger companies providing management advice. The idea is to cover a policyholder if they face a legal claim from an unhappy client as a result of a mistake they have made, actual or perceived.
For example, the sales team of a particular firm may be going through a difficult time and be failing to drum up business. The firm in question may hire an interim manager to take charge of the team for a short period and pass on new knowledge and skills. If the process is unsuccessful, the consultant may rightly or wrongly get the blame, and some firms could seek financial compensation through a court case.
Interim manager professional insurance which includes indemnity cover will pay the legal costs of defending such an action. Limits and excesses will usually apply, but the protection will last all the way through the court process right up until the high court if necessary. It will even pay compensation if it is awarded in the event of a successful claim.
A policy will also provide someone with cover if they face a copyright or defamation claim or even a breach of confidence action. If an interim manager consultancy has a number of employees, the business will also be covered if one of those workers commits an act of dishonesty while on a job. With premiums typically flexible, interim manager professional insurance could be a serious consideration for anyone who provides this type of specialised advice.

Immigration consultant professional insurance

December 25, 2008 · Filed Under Immigration consultant professional insurance · Comment 

The topic of immigration is rarely out of the news for various reasons. Therefore an immigration consultant’s job carries a higher profile than it might otherwise enjoy. Few people operating in the business will be ignorant of the amount of responsibility which lies on their shoulders when advising people on their rights to enter the UK. Many companies, quite legitimately, require foreign workers to enter legally to work for them. Ever tighter controls mean there is always a lot of paperwork and background research needed even to ensure someone who has a job gets into the country smoothly. This means more and more individuals and organisations turn to immigration consultants in order to get the right advice. Immigration consultant professional insurance is a product designed to help out if something happens to go wrong and the consultant faces a legal claim from one of their clients.

Even a straightforward administrative slip can mean someone’s application is turned down, and some companies or individuals may be minded to seek financial redress through the courts. A claim might be that they have suffered what is known as a financial injury – meaning they will be wanting compensation. Immigration consultant professional insurance which carries professional indemnity cover will pay any legal costs of defending such a claim and even any compensation which is awarded.

Although still relatively rare, if a court case of this nature engulfed some smaller firms they would find themselves struggling to survive. Immigration consultant professional insurance with indemnity cover is designed to take away this worry and give peace of mind to consultants so they can concentrate on running their business as normal.

Although excesses and limits apply, cover is available all the way up to an extremely expensive appearance at the high court, although not every business will need a level of cover which stretches to hundreds of thousands of pounds or more.

Typically, a policy will go beyond mere negligence or mistakes. It will also cover allegations of breach of copyright, breach of confidence and will even cover any potentially dishonest actions of an immigration firm’s employees, such as the theft of a client’s personal data.

Some consultants may be late in arranging cover or may choose to switch to a new insurer. In such circumstances backdated cover can be arranged which will still enable protection, even if a claim arrives which relates to a past event which may have taken place many months ago. What is known as ‘run off’ cover is also available, to protect a consultant for a period after they retire or change jobs – the legal risk can continue for a period even after someone stops trading.

Immigration consultant professional insurance policies big and small can at least provide a safety net and take away some of the worry of what would happen in the event a mistake leads to a serious legal challenge.

Helping your agency with travel agent professional insurance

December 24, 2008 · Filed Under travel agent professional insurance · Comment 

Travelling abroad remains as popular in the UK as ever, thanks the continuing availability of cheap flights from an expanding number of UK airports. Although the majority of trips do go smoothly and without hindrance, sometimes things go wrong. Passengers may find they have been given the wrong flight times, their baggage may be lost in transit, or a hotel may turn out to not be all it is cracked up to be. In some circumstances the customer will rightly or wrongly blame a travel agent, and occasionally this can lead to a legal claim. Thankfully, travel agent professional insurance could help protect a business if such a circumstance does arise.

Travel agent professional insurance which includes professional indemnity cover helps guard against the risk of being sued by an unhappy customer. A legal letter through the post is never a pleasant thing to receive and it can be an expensive proposition depending on how far a claim gets – hiring a legal team to defend a particularly complicated action is never a cheap proposition.

The right insurance policy will pay out any legal costs which are incurred as a result, regardless of whether the case gets no further than one hearing or whether it goes all the way to the high court. If the customer is ultimately awarded compensation, the insurer will normally pay this out as well.

Of course, as with other types of insurance, there will be limits as to how much protection someone will be entitled and as to how much the insurer will pay out by way of compensation. This is normally set at the start of the policy and the policyholder is free to choose what level and therefore what premium they have.

Accordingly, there is also the risk of being under-insured if someone goes for a more stripped down policy which is not suitable for their needs. If a travel agent which has a limited number of clients chooses £50,000 worth of cover for example, then faces a legal claim costing £100,000 pounds to defend, they will have to meet the £50,000 difference – therefore it is vital to choose the correct policy.

Common extras which are included with this type of insurance include protection should a legal case arrive because an employee has committed an act of dishonesty. Other legal pitfalls like defamation, breach of copyright and breach of confidence will also usually be covered.

If a travel agent decides to stop trading or to change insurer, most companies will be able to provide an overrun or retroactive period of travel agent professional insurance cover to make sure cover still applies should a legal claim arrive which relates to an event which happened in the past – ie a complaint is made one month, but the actual legal challenge does not arrive until five months later.

Health & Safety Consultant Professional Insurance – the benefits

December 23, 2008 · Filed Under Health & safety consultant professional insurance · 31 Comments 

As a profession which is often associated with paperwork and complicated rules, the health and safety sector now includes a number of professionals who specialise in advising firms on the right procedures to make sure they abide by the law. This type of advice can be crucial to a firm if it is to operate safely and legally. Health & safety consultant professional insurance is used by people operating in the business and to provide an extra level of protection should they make an unlikely but potentially damaging mistake during the normal conduct of their business.
A construction company might take on a particularly complicated job which involves a number of safety hazards. To make sure they are operating in the right manner they might hire a health and safety consultant to advise on what safeguards should be put in place during the completion of the work. However, should a consultant miss something in their assessment which then leads to an accident or injury, the company might be minded to seek compensation.
Health & safety consultant professional insurance can help take the pressure off in such situations by paying the legal costs of defending the case. The usual wording means to be covered a mistake must be made in the usual conduct of the business and must be unintentional.
Of course, any compensation award could also be expensive and this type of policy will also pay these damages, up to certain agreed limits. Most types of insurance in this sector will also go beyond mere mistakes. It will also guard against one or two more unpredictable legal issues such as an accusation of defamation, or an allegation of breach of confidence or copyright. Public liability insurance will also be included in the package in some cases.
In exchange a company must decide what level of cover is right for them and agree a regular premium. It is important to assess what cover limits are appropriate to the size of the business concerned, and what excesses a potential policyholder will be prepared to pay. Both of these factors can affect the cost of a policy.
When setting up cover the applicant will normally be asked a number of straightforward questions about their business. These will normally cover things like revenue, exact types of consultancy work normally carried out, and what legal safeguards, if any, someone already has in place.
Some optional extras include retroactive cover, useful for any claim which relates to a past event which took to place before the policy was set up. Overrun or ‘run off’ cover can also be arranged for anyone who is retiring, winding down the business or transferring to a new insurer. This means a typical health & safety consultant professional insurance could help protect an individual or business against almost any legal pitfalls which may arise because of normal day to day practices.

Protecting your business with Graphic Design Professional Insurance

December 22, 2008 · Filed Under graphic design professional insurance · Comment 

The creative process involved in changing a company’s corporate image, identity, or simply its logo through graphic design is often a rewarding experience. Other professionals in the industry specialise in straightforward leaflets and promotional materials which can provide vital marketing support to businesses. As such, graphic designers can play a vital role in a company’s fortunes. When things go well and clients are happy the job is usually at its most enjoyable. But mistakes do happen and disputes can sometimes turn into legal issues. This is why many people operating in the industry have graphic design professional insurance of some kind or another.
One of the main risks involved in being a graphic designer is the threat of accidentally breaching someone else’s copyright, and professional insurance which includes indemnity cover could help against this. In fact, indemnity protection generally kicks in if someone makes a mistake in the normal conduct of their design work which then follows in a legal claim because someone has lost money or suffered what is known as a financial injury.
The insurance policy will then cover the cost of their legal bills for defending the claim. Such costs can run into thousands of pounds or more depending on the nature of the complaint. If a case is won by the complainant and the court awards damages by way of compensation, then the costs can be even higher. Thankfully graphic design professional insurance which includes professional indemnity cover will even pay this type of cost, up to a certain limit.
As with other types of insurance, most policies will include an excess. This means the policyholder will have to pay any initial legal bills up to a set ceiling. So if a graphic designer faces a claim they have breached copyright, and the legal cost of defending this runs to £4,000 on a policy which has an excess of £600, the policyholder will have to pay the initial £600, with the insurer picking up the remaining £3,400.
Different levels of cover are also available from different insurers, meaning there is a Graphic design professional insurance policy for almost any professional operating in the industry – and cover does not always have to break the bank.

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