What is Professional Indemnity Insurance?

For many professional practitioners, it is mandatory for them to be covered by Professional Indemnity Insurance; they include advisors such as those associated with legal issues, finance, insurance, and architects, among others. Consultants in many and varied fields of specialised expertise invest in the protection afforded by this type of insurance. However, for some, the question remains of why it is needed and exactly what is professional indemnity insurance?

In this day and age of legal actions for almost any and everything, it has become increasingly necessary for any professional to be protected against claims being made against them. This may relate to loss or damage occasioned by actions or advice given relative to a client or a third party, which is viewed as being of a negligent nature. Should it be determined that you have been fully or partially negligent in the service you provided, it could mean a substantial sum being awarded to the claimant.

Professional Indemnity Insurance is a protection against claims such as these, with the added advantage of your legal costs also being covered. However, a critical factor for those considering this type of insurance and the aspects of what is professional indemnity insurance, is that claims are only be covered by a policy, if it is in effect.

Accordingly, it could be advisable to consult your broker, or insurance provider, regarding the various aspects relating to your particular needs. This would apply if you are considering cancelling an existing policy because of retirement from your practice. It would involve extending the policy term for a determined period. It is a factor that could also be applicable if you are changing your insurance provider and, whether they would accept claims for pre-policy claims!

For any practitioner, who could be susceptible to claims of this nature; it is a crucial part of their consulting process that they detail fully and particulars that are relevant to a specific project, client or patient. This reduces the potential for claims against you and ensures that all pertinent terms and conditions related to any agreement are clearly defined.

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Buying business insurance through a broker

In an ideal world, we would all have time to shop around for insurance to get the best possible price. However in the real world, businesses just don’t have the time to allow their employees to search for the best possible price – that is where business insurance brokers come in very handy. A broker is a company that does the hard work for you, by searching through a range of insurance companies to provide you with the very best price and cover.

The reason to go with a broker is very simple – it reduces the amount of time you have to spend looking through different insurance companies, while getting you the very best price. However do not underestimate the buying power of these brokers; they make deals with companies which can be reflected in even cheaper prices than otherwise you would be able to negotiate without them.

Business insurance brokers also have invaluable experience in determining which type of insurance cover you will need for your business. They deal with these situations on a daily basis, so will be able to advise the best cover policy for your particular circumstance. Of course this isn’t why most people use a broker, but it is a handy extra benefit to going with a broker.

However you should always look at the potential negative sides to using a broker. The biggest is that while brokers are looking to find you the cheapest price, they are also going to put an additional premium onto the price to gain their commission. This is of course understandable – as they are spending their time on your behalf – but you should check to see just how much they are charging before you enter into an agreement with the broker. You should also check the number of companies that the broker will check the prices of – you will want to get a range of different options, so this is a good way of comparing brokers to see which you should go with. There are many brokers for every type of insurance, so make sure that you find the one that’s right for you and your business.

Specialistrisks is one of the UK’s leading business insurance brokers. Visit for quotes today.


Ideal Transport but Compare Minibus Insurance

The task of conveying a group of people between various destinations could involve some serious manoeuvring. However, the use of a minibus makes it a relatively easy operation. The minibus is defined as a vehicle able to carry nine to sixteen passengers, not including the driver. Therefore, there is a significant difference between a car and this type of vehicle, which usually has an average seating capacity of fifteen.

A crucial factor related to owning and driving a minibus, is insurance. There is a variety of providers offering insurance at varied prices and it could be an advantage to research available options, and compare minibus insurance quotes.

At the same time, seek advice regarding any special conditions that could be imposed due to the nature of the vehicle’s usage. Determine which policy meets your particular needs, having explained in detail, the purposes for which the vehicle will be employed. Whether you intend driving yourself, or employing a driver, could effect the terms of your policy. Therefore, fully research the driving record of an employee, as it could have serious consequences.

A minibus has distinct advantages over other vehicles and is ideal transportation for charity organisations, nursing homes, schools and many other applications. However, it is critical that you determine from a qualified insurance advisor, the most suitable insurance coverage for you and your passengers. Value for money is always a consideration, but when you compare minibus insurance quotations, do not make the mistake of reducing the coverage needed. It could prove extremely costly in the long term.

Obtaining quotes online is a service that is convenient and advice is obtained quickly.
A particular consideration relates to whether a minibus has been purpose-designed and built vehicle, or has been converted from a van. Most of these vehicles are fitted with a minimum seating capacity for between twelve and seventeen passengers and a driver. Should seating be removed from the interior of the minibus, then this factor must be registered with the DVLA, with the logbook amended accordingly. This is necessary before any policy of insurance can be approved.

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Landlords Insurance

Landlords Insurance; for secure protection

This is an insurance policy that helps the landlords’ get the most suitable insurance policy for their properties. Landlord Insurance covers all the needs of the landlords and gives them professional services that helps them get complementary services that helps them even when dealing with tenants. There are some of the leading dealers or suppliers of Landlords Insurance in the UK, they are very experienced and they offer competitive premium rates that cover a wide range of property risks and help both commercial and individual property usage. This type of insurance is extremely very effective and understands all the needs of the landlords either in infinity groups or even local landlords who have their own association, they also offer tenant referencing services that helps them get more tenants hence improving in their business.

Many of the large insurance companies have the best insurance coverage while others fail to meet the requirements of the landlords, landlords also have been known to be relying on old insurance companies that have no full coverage of their needs and therefore giving them poor services and since these insuring companies have no dealers they fail to know their right and get full services, search engines may be used in finding the right and the best landlords insuring companies that are mainly designed and established by professions so as to meet all the landlords needs and ensure ultimate protection of their goods and properties.

Best insurance quotes are also found in the internet where the landlords are given proper advice and instructions basing on the policy of this insurance and also given the right ways of generating more property protection and being secured from any risks of properties. For excellent value of money, landlords should take this type of insurance and they will benefit a lot with proper secure policy that covers them from any risks.