Why translator professional indemnity cover can help your business
Working as a translator can involve travelling the world, meeting new people, and earning money in the process. But as a professional who offers advice for a living, a translator must also make sure they are as best protected as possible against some of the unwanted legal risks involved in the sector. Although most people are quite confident in their ability, mistakes do happen, and depending on what kind of assignment you’re working on, could cost someone a lot of money. Translator professional indemnity cover will help protect you should you ever be accused of making an omission in your translation, or committing a grave error which harms a client.
Indemnity cover can be taken out from a variety of insurers and is designed to help someone pay legal costs if they face an action following an act of negligence, a mistake or omission. Simple slip ups can lead to the collapse of a deal and leave a translator high and dry.
Some people will never have thought they would need to pay out for something like a legal defence, and may not have much put aside. Translator professional Indemnity cover will not only help you pay for your legal defence but also for any compensation that happens to be awarded to the unhappy client. All someone has to do is pay a premium, either in a lump sum or perhaps in instalments, in much the same way you would do with any other type of insurance. However, prices normally vary depending on the level of cover you require. Insurers will not protect someone up to an unlimited amount of legal cost, although some quite high ceilings are available.
How much protection you’re after will depend on the size of your business and the size of your clients. Larger businesses may want cover for millions of pounds worth of legal protection, while an individual operating at a low level may want just a few thousand.
Translator professional indemnity cover can also be bought which protects you against things like unintentional defamation accusations, and breach of confidence or copyright. This means you have a legal safety net and can get on with the job in hand without having to worry what you would do if faced with a lawyer’s letter.
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