Professional Indemnity Insurance (PI) is difficult to comprehend. However, I’ve devised a guide to make professional indemnity insurance simple.
What is Professional Indemnity Insurance?
Professional Indemnity Insurance is a form of business insurance for professionals who are in industries where others may rely on their professional advice. By being regarded as an ‘expert’ in a field, others may seek legal action against you if they suffer a loss from your professional advice.
For example, if you are an accountant and are responsible for preparing and lodging your client’s tax returns, a failure to lodge the tax returns on time can result in interest and penalties for your client. Your client could take legal action against you for a breach of your professional duty.
Professional Indemnity Insurance may protect you from such action by covering claims made against you, including legal defense costs up to your specified amount of cover, and after taking into account your excess (of course, you would need to look at your policy wording to look at what specifically is covered).
Why Do People Hate Thinking About Professional Indemnity Insurance?
Professional Indemnity Insurance forms the largest percentage of your business insurance expenses. Typically, Professional Indemnity Insurance is a time-consuming process taking up to 12 weeks. Again, it’s expensive and most people don’t know if they are getting the best deal.
This is where companies like BizCover steps in to satisfy your Professional Indemnity Insurance needs. BizCover allows you to get live online quotes in under 2 minutes, and purchase in only a couple more. BizCover also allows business professionals to compare policies from leading insurance providers (AIG, Dual and Vero) to make sure that you’re getting the cover you need. By staying online, you are also benefiting from reduced pricing and costs.
So, make sure you visit BizCover Professional Indemnity Insurance for further Professional Indemnity Insurance info, and get a free 2-minute quote!
Watch the video related
If you’re not wearing the new Nike Zoom Kobe IV, you could have your ankles broken by someone who is wearing them. Take it from Kobe.
Help answer the question
How do we get insurance companies to reduce medical insurance premiums to employers?
Let's face it, here in the U.S. the medical insurance premiums for group health coverage is rising faster than inflation. As a result, a lot of companies are either reducing the levels of coverage in order to offset the cost of insurance, increasing the deductible, and or increasing the cost to the employees for the insurance premiums.
The problem is that insurance companies have no incentive to reduce insurance premiums. They continue to get record profits and this issue is out of control.
How do we get the insurance companies to decrease insurance premiums to the rate of inflation, or better yet, start reducing the cost of premiums for a change?
insurance
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#1 by WPMixer on October 29th, 2009
LOL “NOT A DRAMATIZATION”
#2 by Tony G on October 29th, 2009
I have seen many people on here say that you are automatically covered when your parents have full coverage, including insurance agents. This is not true of all companies. Call your insurance carrier and ask. It is a lot easier than finding out after an accident that you are not covered.
#3 by sunny on October 29th, 2009
most insurance policies range from 30 to 90 days on a cancellation for non payment.
You need to stop and read your policy carefully. If this is a home owners policy there is likely an exclusion for using the house as a business.
When you bought the insurance you were probably purchased it through an agent. He didnt care what you told him. all he wanted to do was sale the policy. It's the underwriter that now wants to cancel it.
Bottom line. I think that you have two options.
1. Purchase a commercial property insurance policy. (expensive but doable.)
2. Search around and find another homeowners insurance policy and buy 1M dollars worth of umbrella coverage.
I'd spend my time looking for option two. The minute you ask about an umbrella, agents will be knocking your door down.
#4 by Wordpress on October 29th, 2009
i love it when it zooms out and you see kobe sitting on a horse.
#5 by nacao on October 29th, 2009
BROKEN ANKLES! lol
#6 by rails on October 30th, 2009
i like Kobes nike commercials, shows a fun side to him……….BROKEN ANKLES!……..lmao
#7 by Free Blog on October 30th, 2009
Hilarious
#8 by ..???.. on October 30th, 2009
Reagan warned of obama and his kind, and I'm not referring to his race, He is a socialist, and health care is his door opener.
http://www.youtube.com/watch?v=fRdLpem-AAs
Please forward this video to all who question the "acting" president's agenda!!!!!
#9 by love on October 30th, 2009
Some group policies at work do not care about preexisting conditions.
Some do. It is usually the private ones, not work connected that
up the rates. Probably something to do with—- if you can work, then
you probably are not too sick, or disabled, so you can be insured.
If it is a dependent child, would you need to take insurance for you
as well as the child, and what is the waiting period.
Work insurance takes a while to go into effect. You may have a rider
or whatever it is called, that will exclude treatment, or make you wait
so long to have insurance, or treatment for the preexisting condition.
I don't know for sure, you could find out some how who the employer
or potential employer uses and check it out on line or by calling the company.
#10 by Happy on October 31st, 2009
I think you should go to the local building department (city or county) and apply for as built permits for these unpermitted structures. Although costly, it's better than Code Enforcement coming by, realizing that those additions/properties are unpermitted and going to court, seeking an injunction to have you (1) obtain as-built permits or (2) having them torn down.
It is more expensive to have Code Enforcement come in and seek relief from the courts (assuming you don't comply and apply for as built permits) because you may have to pay their attorneys' fees when they win.
I believe you apply for as built permits from the Building Department in the city. Make sure you're in the incorporated portion of the city, otherwise you'll have to go to the County Building Department.
Also, if the bank didn't know that these additions were unpermitted, you wouldn't have an recourse. Most foreclosures are sold as is and requires buyer's diligence. A title insurance policy may or may not disclose unpermitted additions (depends on the wording of the policy). As I recall, a title insurance policy only guarantees that you have marketable title to the property.
#11 by eventplanner14 on October 31st, 2009
Call an insurance agent. They will know what insurance you need and how much it will cost. The insurance is to cover the people and items at the events you coordinate, not you personally.
#12 by guzen on October 31st, 2009
lol I just realized that was a fake horse he was on
#13 by Blogger on October 31st, 2009
dis big ass nigga sitten on a horse wit tennis shoes on lmao
#14 by Begi on October 31st, 2009
insurance tips :
http://insurance6.cn
#15 by dudefornow14 on November 1st, 2009
I didn't study for this test (haha)
1-Liability
2-Uninsured motorist if you were a pedestrian
Collision if it's a hit&run in your car
3-Risk & Loss
4-Comp & Collision
5-Driving penalties
6-All of them
#16 by WPBlog Shop on November 1st, 2009
i love how them ankles explode lol
#17 by psychic on November 1st, 2009
The horse caught me off guard.
#18 by fgeel on November 1st, 2009
hes got to be lying or had lawyer take his tickets to court and won!
tickets are sent to the states motor vechicle division, thats how they find out about your tickets!
TC GL