As one of the leading insurance advisor in Australia, we believe that it is vital for you to think about methods of protecting your business against claims made by your consumers. Without the presence of adequate cover, these claims may lead to massive financial losses and legal costs.
Why Should You Take Out a Professional Indemnity Insurance Policy?
Imagine an instance where one of your customers experiences an injury or financial loss because of your service and they are desperate to file a claim against you. Service-oriented businesses often need to deal with claims of malpractice and negligence. They even sometimes need to face claims of professional misconduct.
In such incidents, third-party expenses toward breaches or omissions, damages, and costs associated with fines and legal fees can be huge. Fortunately, you can safeguard yourself and your business by taking out a good Professional Indemnity Insurance policy.