Professional Indemnity Insurance
Professional Indemnity Insurance provides free up-to-date access to the best value Professional Indemnity, Medical Indemnity, Therapist Indemnity and General Indemnity Insurance information, resources, products and services from a comprehensive selection of Australia's most reputable professional indemnity insurance companies and specialists.
Whatever your professional indemnity insurance needs, Professional Indemnity Insurance can help you located the right professional indemnity insurance rates and comparisons for all professional occupations ...
MAKING NEWS
Tue, 13 July 2010
The importance of Professional Indemnity & Public Liability Insurance!
Without a doubt, Professional Indemnity & Public Liability Insurance is one of the most important safeguards a business can have. It is not only limited to the traditional business model. Here are a just few examples of how it is applied:
- Business owners: from the self-employed to the big corporations
- Tradespeople: plumbers, electricians, builders, bricklayers, etc
- Professionals: doctors, lawyers, therapists, accountants, etc
- Sporting Clubs: football, soccer, cricket, horse riding
- Events & Functions: weddings, parties, conferences, fetes, shows, etc
- Church & Social Groups
The list is endless.
What exactly is Public Liability & what does it cover?
In general terms it is an insurance policy which offers the insurer protection from people claiming compensation in the event of an accident or loss whether it is in or around their home or business. Thus if there was an accident on your property and someone were to lodge a compensation claim, then your public liability insurance policy will assist you with the payment of compensation. Likewise if one of your customers was hurt in your place of business, you would be covered financially. Public liability insurance may additionally offer the insurer protection against claims from trespassers as well as provide cover against injuries made by falling objects or people carrying out repairs. This type of cover definitely reduces tension and creates peace of mind.
In a similar light there is Professional Liability Insurance that covers all your professional liability and worries while practicing your profession effectively. In today’s world, the importance of public liability insurance has increased to a great extent as more and more companies and professionals are seeking solutions for a society that is littered with litigation. In many countries, it is impossible to practice without adequate public liability protection.
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