Professional Indemnity Insurance 'is an umbrella' - Professional Indemnity Insurance
27/08/2008
Professional Indemnity Insurance (PII) provides policyholders with an "umbrella" for a rainy day, it has been asserted.
ArticleDashboard reports that PII policies can provide cover for all sorts of different professional practices.
These policies may include protection for libel and slander, or breaches of copyright, depending on the policy details.
According to the resource, PII can "cover professionals against claims for negligence, unintentional breaches of intellectual property, loss of data or documents and claims for dishonesty".
The article explains that the limitations of indemnity are typically set depending on the profession being covered.
Both the extent of risk which is protected against and the areas in which that risk falls may be based on such considerations, the resource adds.
Readers of ArticleDashboard were previously told that PII can help meet monetary costs which would otherwise be massive to the individual.
Click here for more information on Professional Indemnity Insurance.
PYV are one of the UK's leading providers of professional indemnity insurance. This news article has been produced by Adfero in collaboration with PYV and its unauthorised use is not permitted.
(c) 2008 Adfero Ltd.
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