As a business professional, you are probably aware of both Public Liability and Professional Indemnity Insurance, but do you actually know the difference between the two types of cover? Public Liability (PL) insurance and Professional Indemnity (PI) insurance are both commercial insurance policies designed to cover compensation claims. However, the types of compensation claims that …
Within any profession in which a business is providing advice or a service to a client, it is highly recommended that this type of professional should obtain professional indemnity insurance. Accountancy is one of those professions, and we’ll discuss within this article why accountants need professional indemnity insurance, what a policy can protect them from, …
What Insurance Is Required By Law For Photographers? Public Liability If you are a member of the British Institute of Professional Photography or Master Photographers Association, obtaining public liability insurance is compulsory. When you are working out on location or at a client’s premises, if someone is injured, or their property is damaged, you could …
The number of homeworkers in the UK has hit record levels, with around 4.2 million people – or roughly 14% of the workforce – working remotely according to last year’s government statistics. 1.5 million of these works do their job from home exclusively, meaning that they are never required to go into the office. So, …
Causing an injury to a member of the public, or damaging property at a client’s premises is the last thing any tradesman intends. Unfortunately, accidents happen. Having the right public liability insurance in place is the only sure way to avoid costly legal fees and compensation claims. Builders, painters and decorators, scaffolders, roofers, plumbers and …
Watkin Jones & Son Ltd was the principal contractor during the building of the Menai Centre in Bangor. Thomas Whitmarsh, 21 was working for a company that was sub-contracted to carry out roof work at the site. In December 2009, Mr Whitmarsh fell 6 metres through an unguarded opening in the roof to the floor …
Holiday company First Choice is set to face legal action from nearly 300 disgruntled holidaymakers claiming they had “nightmare” stays at one of the travel operator’s Bulgarian hotels. According to the law firm representing the 276 complainants, a number of guests staying at the Royal Park Hotel in Bulgaria between June and October 2008 suffered …
If you’re running a business then you need to have professional liability insurance. With a multitude of risks facing you it can be difficult to decide exactly what cover you need but without liability cover you leave your business open to claims from both employees and members of the public. Professional Liability insurance is a …
We’ve already looked at the types of professional insurance policies charities may need in order to protect both money and assets (pt.1), but what about the people associated with the organisation? Although not a business in the true sense of the word – as charities don’t operate for profit – charities do have staff and …