Professional Indemnity Insurance Certificate

Bigger businesses generally have more at stake when it comes to financial and reputational losses so you ll generally need higher levels of cover if your client is a big company.

Professional indemnity insurance certificate. Professional indemnity insurance cover is required by all insurable solicitors in nsw unless exempted. Pursuant to section 75a of the legal profession act lpa the law society s compulsory professional indemnity insurance the scheme was introduced in april 1991 to ensure every practising lawyer has minimum insurance coverage. The lpa requires a lawyer to apply for a practising certificate every year. Find out more about pi insurance or call us on 0800 640 6600.

We are professional indemnity insurance experts and will be happy to talk you through the cover options available. A professional indemnity insurance certificate is a summary document that an insurance company may provide a policyholder on request which shows that adequate insurance has been taken out without disclosing the confidential policy document this might be needed to presented to a client or trade body as evidence that the organisation in question is fully compliant with the relevant professional. Size and type of business. Professional indemnity insurance covers claims made by the businesses in case their clients have sued them for making them endure any significant financial loss due to their advices and services.

Protects all aspects of your business. Why are my limits quoted in euros. Professional indemnity insurance pii self certification. Often these professionals might also need other forms of liability coverage such as general.

Insurers will set your premiums for professional indemnity insurance based on factors such as. If you were previously issued a proof of insurance or requested to provide a proof of insurance you can now request a certificate of currency in its stead. Professional indemnity insurance enables you to pursue legal avenues to clear your name and defend your reputation with the backing of a legal and insurance team. Professional indemnity insurance provides a critical layer of protection for service providers.

When advice is your livelihood the right professional indemnity cover can offer peace of mind security and most importantly protect your valuable reputation. Nature of the work you do. Professional indemnity insurance is a type of business insurance typically for organizations that provide consultation or any professional services to its clients. Confused by professional indemnity insurance.

If your business faces high levels of risk then insurers are.