Posted on Thursday, 1st July 2010 by admin
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 to insurance
Its about economy of scale. When you sign up for healthcare coverage, you join a group of other people to combine your healthcare purchasing power. Your insurer covers the whole group, rather than individuals, so everyone shares the cost of staying healthy.-Stay Smart Stay Healthy See more vidoes at: www.youtube.com
Help answer the question about insurance
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?
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Tags: Bizcover, business insurance, Compare Professional Indemnity, Fire, Higher, insurance, On, Online Quotes, Pi, Professional Indemnity, Professional Indemnity Insurance
Posted in insurance | Comments (18)
July 2nd, 2010 at 12:13 am
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.
July 2nd, 2010 at 12:23 am
I don't have it and I don't trust it…human insurance is bad enough with all the small print. My dog insurance is Master Card, it's the only "insurance" I'd recommend. It covers everything, literally! Good luck though if you feel you really must purchase insurance!
July 2nd, 2010 at 12:32 am
-*sigh* why are your friends jealou-
-’Cause my penis is so huge.
lol favorite part
July 2nd, 2010 at 1:10 am
@photofox1985 it was a funny video lol he’s not actually whining he is playing the part dumb fuckin nigger
July 2nd, 2010 at 1:22 pm
That would be like buying a car with a bad transmission!!! Think about it!!! LOL
July 2nd, 2010 at 12:57 pm
loooooooooooooooooooooolo
July 2nd, 2010 at 10:15 pm
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
July 3rd, 2010 at 9:14 am
hes a genius
July 3rd, 2010 at 6:58 pm
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.
July 3rd, 2010 at 9:39 pm
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
July 3rd, 2010 at 11:21 pm
insurance tips :
http://insurance6.cn
July 4th, 2010 at 1:23 am
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!!!!!
July 3rd, 2010 at 8:35 pm
lolololololool
July 4th, 2010 at 12:05 am
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July 4th, 2010 at 12:10 am
If i saw this retard at costco one day I would kick his ass for being so Faking rAtarded! EVERYONE pays insurance get over it you pussy
July 4th, 2010 at 1:42 pm
Here’s a simple solution, get a quote.
July 5th, 2010 at 7:04 am
There's no average.
You can't average no retro date and no tail, with 30 years of prior coverage.
But if you don't "need" this type of insurance, don't buy it.
No hospital will actually allow you to use their operating room without it, anywhere, in the USA, but hey, if you don't NEED it, hey.
As to where it's cheaper – Not in the state of NY. Generally, the states which limit tort (republican states) are more friendly to doctors. But your professional association, or professional magazines, should be giving you a list of cheaper states. I believe there are at least 45 of them, LOL.
July 5th, 2010 at 2:14 am
Awsome! best vid yet!