Thursday, August 27, 2009

What is "Radioactive Cover'"?

'Retroactive cover' covers you from claims that might arise from previous work conducted before your current professional indemnity policy commences.

Remember often there's a delay between an event and a resulting claim. So if you already have PI insurance but are moving to a new insurer make sure the policy has 'retroactive cover' built in to cover work insured under your previous policy. This way all your bases will be covered.

Our Resource Partners :-

Indemnity Insurance

Freelance Indemnity Insurance

PI Insurance

Recruitment Professional Indemnity Insurance

Whats the need professional liability insurance ?

No person or organization can operate as a stand-alone unit and everybody has to take help of others from time to time.It is expected that every professional is an expert in his chosen domain and has sufficient knowledge and skills to carry out the task associated with it diligently and with perfection. They will use their expertise and skills to maintain the standard of conduct expected of their profession. However, in case if they fail to do so they can be held liable in a court of law. The aggrieved party can sue them and if proven liable they will have to pay for the damages. This liability also extends to the act of negligence, omissions or errors.
Professional liability insurance takes away this threat off the shoulders of the professional.

Our Resource Partners :-

Indemnity Insurance

Freelance Indemnity Insurance

PI Insurance

Recruitment Professional Indemnity Insurance