Your business is protected by this kind of insurance from financially disabled and often reputation may be damaged by claims of dissatisfied clients, customers or business associates. That dissatisfaction may arise from your service. Reputation can be damaged by the claim from unhappy client and also may spoil your business in future. Your business can be protected form both by this insurance. According to nature of the business and experience in that field, your premiums are charged by insurance company. These are areas your business can be exposed:
Negligence of duty: To compensate damage or loss against any claims which happened due to omission or neglect or error committed at the time of the term of the policy.
Intellectual property: If a company unintentionally breaching on the others' trademarks or broadcasting rights, copyrights, and damage.
Loss of documents: you can be claimed by any client for the loss or theft of the data. It compensates those liabilities and losses.
Dishonesty: Liability arises due to if your company or any of your employee cause any fraud, dishonesty, then it will be covered by this insurance policy.
How does it protects your business:
You are given coverage, in the case of the whether the claim is genuine or not, professional indemnity insurance. It will give professional, legal, and monetary help, it depends on the cover for which your business insured. Financial responsibility is taken by policy to avoid the claim. Your insurance company will pay you all the expenses, including from that of solicitors, advocates, witness and court cost of the offended party.
Negligence of duty: To compensate damage or loss against any claims which happened due to omission or neglect or error committed at the time of the term of the policy.
Intellectual property: If a company unintentionally breaching on the others' trademarks or broadcasting rights, copyrights, and damage.
Loss of documents: you can be claimed by any client for the loss or theft of the data. It compensates those liabilities and losses.
Dishonesty: Liability arises due to if your company or any of your employee cause any fraud, dishonesty, then it will be covered by this insurance policy.
How does it protects your business:
You are given coverage, in the case of the whether the claim is genuine or not, professional indemnity insurance. It will give professional, legal, and monetary help, it depends on the cover for which your business insured. Financial responsibility is taken by policy to avoid the claim. Your insurance company will pay you all the expenses, including from that of solicitors, advocates, witness and court cost of the offended party.
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