Home > Insurance Tips > Guide Insurance

Guide Insurance

Guide Insurance
Get Instant Health Insurance Quotes!

What is Professional Indemnity Insurance? an Easy to Understand Guide

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!

About the Author

BizCover allows Australians to select, compare and purchase Professional Indemnity Insurance (PI) online.

Is it really necessary to get traveler’s insurance to go to France if I am a permanent resident?

I am a permanent resident applying for a visa to go to France for 2 months this summer. The requirements on the website say that i need traveler’s insurance. Is it really necessary for me to get it if im only going for two months. Has anyone had experience with this. If I do, can anyone guide me in the right direction?
thanks sooo much, i would really appreciate the help!

Yes, besides being a requirement for your trip, it will protect you from unforeseen emergencies such as 24 traveler’s assistance, medical coverage, flight delays and cancellations, loss and damaged baggage, having to cut your trip short because someone back home is sick, etc.

Determine what specific coverage you need from the website. Then get some quotes. A good place to start is www.insuremytrip.com. It will give you quotes for several companies. Then contact those companies to make sure you’re getting exactly what you need.


Compare Insurance Quotes and Save!


United Solutions Snap and Lock Plastic File Tote, Black


United Solutions Snap and Lock Plastic File Tote, Black


$13.99


Whether you need to organize files for easy access or you want to store the old ones, this durable file box from United Solutions will handle both tasks. Can accommodate hanging files, letter and legal size documents. The streamlined design of the patented Snap and Lock lid, keeps your valuable documents safe and secure. Multiple file boxes stack nicely and slide effortlessly. Black file box with …

United Solutions Plastic Office File Tote, Granite


United Solutions Plastic Office File Tote, Granite


$15.99


Keep all your important documents organized and secure in one place with this heavy-duty plastic office file tote from United Solutions. Can accommodate both letter and legal size papers. The molded handles on both sides make it easy to transport too. Granite color compliments both home and office environments nicely. Get multiple totes and start organizing. Item No.OF0001….

I HEART FLO Coffee Mug


I HEART FLO Coffee Mug


$15.95


Get your big tricked out mug!…

Trouble


Trouble


$6.82


Some singer/songwriters (think Paul Westerberg and Elliott Smith) develop their world-weariness through the unforgiving trials of passing years and the heart-breaking grind of the music business. Others (Van Morrison, Neil Young) seem to have sprung from out of nowhere with the fully formed soul of a life well-lived. Ray LaMontagne belongs with the latter. On this, his debut, LaMontagne has crafte…

The Beatles With Tony Sheridan: First Recordings 50th Anniversary Edition


The Beatles With Tony Sheridan: First Recordings 50th Anniversary Edition


$16.97


50 years after The Beatles first entered a recording studio, the complete collection of those tracks will be available for the first time in North America with The Beatles With Tony Sheridan: First Recordings 50th Anniversary Edition on Time Life. The 2-CD set comes with a specially-designed book that is a historical trove of concert and intimate photos taken by Astrid Kirchherr and others who wer…

Free Willy (Snap Case)


Free Willy (Snap Case)


$2.11


Some of us will never understand why this boy-and-his-whale tale became the hit family film of 1993 and one of the bestselling videos of all time. But it is easy to see how clever marketing and a tear-jerking story could touch the hearts of kids and parents the world over, especially because the endangered Orca whale named Willy is such a majestic creature. The story couldn’t be more conventional-…

The Incredibles [UMD for PSP]


The Incredibles [UMD for PSP]


$14.99


Animation studio Pixar (creators of Finding Nemo and Toy Story) reigns supreme: The Incredibles is another stunning example of their inspired storytelling and technical prowess. In a world where superheroes have been outlawed, the former Mr. Incredible (voiced by Craig T. Nelson) and Elastigirl (Holly Hunter) struggle to raise a family (with a teenager daughter who turns invisible and a super-spee…

Short Time [VHS]


Short Time [VHS]


$14.98



The Nightly Business Report: Guide to Buying Insurance [VHS]


The Nightly Business Report: Guide to Buying Insurance [VHS]


$3.95



Kryptonite New York Fahgettaboutit Mini Bicycle U-Lock (3.25 x 6-Inch)


Kryptonite New York Fahgettaboutit Mini Bicycle U-Lock (3.25 x 6-Inch)


$59.00


The New York Fahgettaboudit offers extreme bicycle protection with a hardened MAX-Performance steel shackle that resists bolt cutters and leverage attacks.Center keyway defends against leverage attacksProtective vinyl coatingSliding dustcover protects and extends cylinder life3 keys – one lighted with high intensity bulb & replaceable batteryAnti Theft Proctection Offer $450018mm hardened Max-perf…
Share and Enjoy:
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google Bookmarks
  • Blogplay
  • connotea
  • StumbleUpon
  • Technorati
  • Yahoo! Bookmarks
  • MisterWong.DE
  • Propeller
  • Reddit

  1. No comments yet.
  1. No trackbacks yet.
You must be logged in to post a comment.