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Professional indemnity insurance and its applicability in different professions |
Article Submitted by: Editor 123
Friday, 27 March 2009
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To live is to risk. Risk is one of the forces in life practically beyond human control. Risk engulfs every sphere of human existence. Even our very own profession is prone to risks. The risk can never be eliminated; but it can definitely be insured. Though we don't often realize our professions are susceptible to hazards and this can sometimes affect us disastrously and cripple down our financial stability. Be it anyone, freelancers or full timers, every professional from lawyers, accountants, real estate consultants, creative consultants, to software developers, a slight negligence can give way to hazardous financial claims and hence unbearable stress. Realtor, software developers, and creative professionals amongst many other in need of a PI cover The real estate professionals too fall under the purview of professional indemnity. For instance a realtor sells a piece of land at a particular price. While buying a house or an apartment, the buyer definitely anticipates some equity on the value of the property purchased. There are instances in abundance when a slight dissatisfaction has resulted in heavy financial claims by the client to whom the realtor has just recently sold a property. The need of PI insurance if felt in the avenue of software development as well. If a particular piece of software made by developers fails to meet the expectation of the client, chances are that the company would land up into hot waters. Sometimes, even photographers fail to escape wrath of their clients. A fashion photographer publishing photographs of celebrities without the latter's permission may get sued by the latter on grounds of invasion to privacy. Any profession which is related with direct interaction with clients needs to be covered by PI insurance. A PI insurance is the best possible option to protect one's professional career from its possible atrocities. Article Source: http://www.ArticleBlast.com |
About The Author:
For further information on professional indemnity insurance and pi insurance please contact Coulson Pritchard Associates directly on 01480 470220 or visit http://www.freelanceinsure.co.uk/
For further information on professional indemnity insurance and pi insurance please contact Coulson Pritchard Associates directly on 01480 470220 or visit http://www.freelanceinsure.co.uk/
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