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PROTECT YOUR BUSINESS WITH PROFESSIONAL INDEMNITY INSURANCE

Lawsuits, defamation, contractual disagreements, and malpractices are possible legal liabilities that a business may face. Be it legal charges due to professional negligence or the causation of damage and injury, customers and clients can file a civil lawsuit in demand for compensation. However, with indemnity insurance, your business will be protected from any legal downfalls.

Professional indemnity is an important insurance policy if your business offers any kind of services to clients. This type of insurance is an agreement between you and the insurer who will cover the costs of losses and damages – protecting your business from the financial consequences of legal entanglement.

TOP THREE INDUSTRIES THAT NEED INDEMNITY INSURANCE

1. FINANCE CORPORATIONS

Financing companies are one of the key businesses that must carry indemnity insurance. Should a financial advisor like an accountant give wrongful advice to a client, or neglect relaying information about policies, clients can make a claim for negligence. This where professional liability insurance like the Errors and Omissions Insurance comes in handy.

2. MEDICAL PRACTITIONERS

When in the medical field, malpractice and misdiagnosis are common. Patients have the right to sue medical practitioners in situations like these. The right insurance policy can protect your business from such civil claims – a critical layer of protection, especially when the quality of service is subjected to individualistic scrutiny.

 3. IT CONSULTATION

Indemnity insurance provides coverage for issues regarding breach of contract, incorrect advice, and more, for IT consultants in small businesses and major corporations.

PROTECT YOUR PRACTICES WITH COMPARISON ADVANTAGE

There are many insurers you can compare in the market. With Comparison Advantage, you can protect your financial security with the right insurance policy. Our company has partnered with the most reliable professional indemnity insurance providers who can offer the ideal solutions tailored to your needs. 

Please read our terms and conditions prior to your selection of an insurer. 

Need more information? Contact us today.