subject: Professional Indemnity Insurance:Yes, you can cut costs without cutting corners [print this page] Professional Indemnity Insurance:Yes, you can cut costs without cutting corners
You know what they say - if it sounds too good to be true, it probably is. A sound maxim most of the time. But not necessarily when it comes to professional indemnity insurance.
You might imagine that a cheap professional indemnity quote would automatically mean an inferior level of professional indemnity cover. A generic policy perhaps, not one designed specifically for your profession. A policy with all sorts of hidden exclusions lurking in the small print. Or a policy with an excess so high that in the event of having to make a claim, you're left wondering who was actually doing the insuring.
But the reality these days is that a cheap professional indemnity quote needn't mean any of these things. You really can get the professional indemnity cover you need at a highly competitive price.
How is it possible? Well, the internet has enabled insurance brokers to dramatically reduce their overheads. And the ones that really care about providing the best possible service have passed a lot of those savings onto their customers.
You'll still enjoy the peace of mind that comes from knowing that your professional indemnity policy is underwritten by an AA' rated insurer. If you have any questions, you should still be able to talk to a real person over the phone. And in the event of a claim, you should still be able to deal directly with a dedicated claims handling service.
Whether you're operating as an individual freelancer or running a small consultancy business, you presumably already know that you can be held liable for the consequences of any mistake, or error of judgement, that you make. And that in our litigious business culture, if something does go wrong, a client seeking financial redress may well decide that accusing you of negligence is the easiest option.
So you probably already realise that you do need professional indemnity insurance. But isn't it nice to think that you don't have to pay the earth for it? That you really can cut costs without cutting corners?
Just follow the link to get the professional indemnity cover you need at a sensible price.
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