PROFESSIONAL INDEMNITY INSURANCE This policy is a form of liability insurance that helps protect professional advice and service-providing individuals and companies from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in such a civil lawsuit.
Businesses as well as freelancer companies can obtain professional indemnity PI insurance if a client claims poor services.
It also covers compensation for injuries to any persons and any losses or damages to property.
Types of Liability Insurance: PUBLIC LIABILITY INSURANCE This type of insurance would cover a business if a customer or member of the public was to suffer a loss or injury as a result of its business activities, and if that person made a claim for compensation.
Your data is securely protected, since we keep to the newest security standards.
On the nature of the business and its impact on the public.
Members of the public in contact with the business, for example, walking on a footpath being worked on by the business.
Public Liability insurance is considered essential in businesses which involve regular interactions between the members of the public and the company such as retail businesses, restaurants, clinics and many more.
And we will need your estimated payroll for the period of insurance.
This covers your business operations from compensation claims for direct injury or property damage from the public.
A Public Liability Insurance covers legal costs against compensation claims.
Coverage is required before work permit is issued by Immigration Department for both new and renewal applications.
Description: Members of the public in contact with the business, for example, walking on a footpath being worked on by the business.