CIPFA Insurance – protecting you
Members of the Chartered Institute of Public Finance and Accountancy (CIPFA) can be protected if legal action is sought against them relating to their statutory and contractual obligations. CIPFA insurance provides a financial safety net, as well as providing legal help, should a claim be made against you.
Protecting your livelihood with CIFPA professional indemnity insurance should be considered by anyone who works within this profession as running a business isn’t just about bringing the money in and keeping your customers happy. Awards made by Courts to dissatisfied customers are on the rise and in today’s uncertain economic climate, you need to protect your financial livelihood as much as you can. You have to make certain that you have the necessary safeguards in place should something go wrong.
Professional indemnity insurance can help your company to overcome unexpected hurdles and minimise any financial loss – as well as the undoubted stress you will personally face – in the event of a claim against it. It will also help limit any damage to your reputation.
Protecting your livelihood against financial disaster caused by a claim against it does not need to be expensive and can help keep your business afloat should this happen. CIFPA professional indemnity insurance will help to ease any financial worries in such a situation by providing recompense.
Deciding where to purchase your CIFPA professional indemnity insurance does not need not be a difficult exercise, nor does it have to be time consuming.
When considering your professional indemnity insurance, using a specialist broker is a strong consideration. A specialist professional indemnity insurance broker will often have customised policy options available for your company’s needs, to enable you to get the coverage you require. CIPFA insurance brokers will draw on their expertise in the sector, enabling them to provide a policy that best suits your needs.
Things to note before you buy
To ensure that the cover is right for you, check:
- Any policy excesses you would be liable for in the event of a claim;
- Any policy exclusions which would render you ineligible to make a claim;
- That the sum insured is adequate.
Having the peace of mind that you have CIFPA professional indemnity insurance cover in place can help you focus on the most important thing – your buiness.
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