The benefits of taking out Immigration consultant professional indemnity cover
Although professional indemnity cover is commonly associated with professions like graphic design and law, it can also be applied to a wide range of jobs which involve providing professional advice. An immigration consultant is seen as a specialist in their field, and therefore companies and clients expect the highest level of service. Should someone ever make a mistake which, for example, leads to a client’s application being rejected, they could face legal action. This is why immigration consultant professional indemnity cover is something many people operating in the sector consider.
Immigration consultant professional indemnity cover can be useful because it will pay your legal bills in the event you are accused of making a mistake, omission, or committing an act of negligence which leads to a client losing money. This is what is known as a financial injury, and they may try and seek compensation through the courts.
Defending your case will involve hiring lawyers, and this can be expensive. Unless you fancy defending yourself in court, the only option is to seek professional advice at a price. Indemnity protection will pick up your legal costs subject up an agreed limit, meaning you potentially will not have to pay a penny towards a defence. However, excesses are usually agreed with each policy, as you would do with a car insurance product, although the amount is agreed clearly at the start of your cover.
Indemnity cover will even protect an immigration professional should they lose a case and have compensation awarded against them. The policy will also provide a level of protection all the way through the courts system, from an initial hearing all the way to an unlikely but possible appearance at the High Court.
Basic policies also provide a wide range of protection, and will also guard against things like accusations of unintentional defamation, allegations of breaches of confidence or copyright, and even the dishonest actions of any employees belonging to an immigration consultancy.
Immigration consultant professional indemnity cover can therefore help to safeguard the business’ financial future in the right circumstances. Some people may not have heard of indemnity cover before, and have only just got around to sorting it out having been trading for a while. For these circumstances insurers are able to provide backdated cover which will protect you even if a letter arrives dating back to something which happened before the start of the policy.
Immigration Consultant Professional indemnity cover is available at different levels, with hundreds of thousands or millions of pounds’ worth of legal bills covered depending on the nature of your business. The flexibility of the product often means there is a type of policy for almost any firm, no matter how big or small their budget.
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