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Bajaj Capital Insurance – Comprehensive
Online Insurance Platform

Bajaj Capital Insurance
 As

a professional, you have a duty to offer
'reasonable skill and care', as part of the
service you provide. If you fai...
 Professional

indemnity insurance is
something that is often overlooked with
devastating consequences unfortunately, no
...
 Anyone

who offers their knowledge,
experience or skills as a paid service could
benefit from professional indemnity cov...
 The

policy covers all sums which the insured
professional becomes legally liable to pay as
damages to third party in re...
 Neglect,

error or omission including breach
of contract
 Dishonest, fraudulent, criminal or malicious
acts or omission...
 The

publication or utterance of a libel or
slander.
 All costs, charges and expenses incurred in
replacing or restorin...
 Today’s

savvy consumer is highly aware of
their legal rights and today’s blame culture
has been found to be largely res...
 In

Professional Indemnity policy, many
insurers include a retroactive date within
their policy. This covers for work co...








While professional indemnity may be compulsory
insurance for some businesses, for others it gives
significant ...
 Where

to start insurance can be confusing
because so many options available in the
market, how do you know which one is...
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Professional Indemnity Insurance - Saving with Security

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Professional indemnity insurance is something that is often overlooked with devastating consequences unfortunately, no matter how good we are at our jobs or how good our attention to detail may be there is always the potential for small mistakes to be made.

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Transcript of "Professional Indemnity Insurance - Saving with Security "

  1. 1. Bajaj Capital Insurance – Comprehensive Online Insurance Platform Bajaj Capital Insurance
  2. 2.  As a professional, you have a duty to offer 'reasonable skill and care', as part of the service you provide. If you fail to exercise this duty and are subsequently proven to be negligent, you may be liable for any losses incurred by your customers or other third party. Proving your innocence isn’t cheap so in today’s litigious climate it pays to be protected Bajaj Capital Insurance
  3. 3.  Professional indemnity insurance is something that is often overlooked with devastating consequences unfortunately, no matter how good we are at our jobs or how good our attention to detail may be there is always the potential for small mistakes to be made. Bajaj Capital Insurance
  4. 4.  Anyone who offers their knowledge, experience or skills as a paid service could benefit from professional indemnity cover. It’s now a common requirement for many professions such as solicitors, financial advisors, designers, accountants, architects, insurance brokers, builders and PR and marketing consultants. Bajaj Capital Insurance
  5. 5.  The policy covers all sums which the insured professional becomes legally liable to pay as damages to third party in respect of any error and/or omission on his/her part committed whilst rendering professional service.  This type of cover could help protect you financially if you are faced with a negligence claim. If you make a mistake or offer flawed advice which has a negative impact on your client or customer, they may seek some compensation. Bajaj Capital Insurance
  6. 6.  Neglect, error or omission including breach of contract  Dishonest, fraudulent, criminal or malicious acts or omissions of any person employed at any time.  Unintentional breach of, or unauthorised use of, confidential information, trade secrets, patents and copyrights of the systems or programs of third parties Bajaj Capital Insurance
  7. 7.  The publication or utterance of a libel or slander.  All costs, charges and expenses incurred in replacing or restoring any documents that have been lost, damaged, destroyed, mislaid, distorted or erased.  The negligence of any specialist consultants or sub-contractors acting on your behalf or for whom you are responsible.  Any retroactive cover for all work since the start of the policy. Bajaj Capital Insurance
  8. 8.  Today’s savvy consumer is highly aware of their legal rights and today’s blame culture has been found to be largely responsible for the increase in claimants against a whole manner of service providers. Bajaj Capital Insurance
  9. 9.  In Professional Indemnity policy, many insurers include a retroactive date within their policy. This covers for work completed during that period i.e. if you have 2 years retroactive cover, you will be covered against claims connected with work you’ve carried out during the previous 2 years. This is an essential option if you have undertaken a lot of high-risk work in the past. Bajaj Capital Insurance
  10. 10.     While professional indemnity may be compulsory insurance for some businesses, for others it gives significant peace of mind which is just as valuable. Ultimately, by preparing for a number of legal eventualities, it is a sensible way to ensure you are looking after the long term future of your business while protecting yourself at the same time. Don’t leave yourself vulnerable – make sure your business is protected with comprehensive professional indemnity insurance. Make sure any risks associated with being self-employed are fully protected. It is advisable that you examine the terms of any professional indemnity policy before you make a purchase as the extent of cover can vary between insurers. Bajaj Capital Insurance
  11. 11.  Where to start insurance can be confusing because so many options available in the market, how do you know which one is the best for you.  That is where Bajaj Capital Insurance can help you by allow you a range of insurance policies. Bajaj Capital Insurance
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