· Suppose if you are lawyers and you impart legal advices to the clients. On one occasion if you have provided them with incorrect or legal advice or fails to give proper legal advice where it is required then the client has the authorization to sue you. Professional indemnity insurance helps to deal with such complication. That is why in a traditional professional it is a legal requirement to have a professional indemnity insurance policy.
· In fact many times clients see to it that the professional has a Professional indemnity insurance policy, otherwise it is of no use to sue a person who cannot pay the compensation. So they insist to incorporate it in the contract as a prerequisite condition. To a certain extent the prevailing global inflation is the reason behind this contractual obligation
For the purpose of purchasing best professional indemnity insurance plans Click Here
No comments:
Post a Comment