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Monday, July 5, 2010

PROFESSIONAL INDEMNITY INSURANCE

For all the working advisors and professionals, professional indemnity insurance comes as a tool to provide a much required cover for financial difficulties. In today’s litigious world, it is extremely important to take necessary steps to protect your interests and that one step is buying appropriate professional indemnity insurance as it covers you against any sudden and untoward situations that may claim your financial assets.

Professional indemnity insurance serves all the needed requirements like covering the claims and legal fees to defend the case so that you can run your business tension free. Whether you are a lawyer, n accountant, a doctor, engineer, journalist or any other professional, you must take professional indemnity insurance. There may be instances where your clients may feel that you have cheated them or have not provided them good services, so they may drag you to the court and file a claims case against you. In a situation like this, indemnity insurance will protect you from going bankrupt by paying all the required claims money up to the predefined limit mentioned in your policy and also cover the legal fees that you may incur during defending your case in the court of law.

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