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What does professional indemnity insurance provide?

April 26, 2017financial loss indemnity indemnity insurance Insurance professional professional indemnity insurance

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What does professional indemnity insurance provide?

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Professional indemnity insurance protects against defence costs and awards should a client allege that his business has suffered due to your negligence. Many clients will only engage your services once you have provided evidence of insurance and if you employ sub contractors, it is essential that you check their professional indemnity insurance before you engage them.