Insurance FAQs
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What is a DBS check
DBS checks aren’t always just a ‘nice-to-have’ when it comes to hiring new employees - in some jobs, this type of check is a legal requirement, particularly when the role involves working with children or vulnerable adults.
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Professional Indemnity insurance vs Public Liability insurance, the differences explained
Professional indemnity insurance (PI) and public liability insurance (PL) are different types of business insurance that cover compensation claims. It is often misunderstood how each of these business insurance policies protect businesses against risk.
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What is a retroactive date on professional indemnity insurance?
If you’re working as a contractor, consultant or freelancer, the chances are you’ll hear the phrase ‘retroactive date’ at some point when arranging your professional indemnity insurance cover.
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How much professional indemnity insurance do I need?
Business liability insurance is slightly different to other types of insurance. Whereas with your home and car insurance you are usually given a standard limit of cover (the maximum amount your insurer will pay out), with professional indemnity insurance, you will be given a range of limits to choose from.
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What is professional negligence?
If you’re about to sign a contract to supply a service to your client, they may have stipulated that you need a minimum level of professional indemnity insurance. This cover protects your business against allegations of professional negligence from your client - but what exactly is professional negligence?
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What is directors and officers insurance?
Many people mistakenly believe that as a director of a limited company, they have no personal liability in regard to their corporate actions.
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What is defamation?
Defamation is the umbrella term for libel and slander and is based around reputation – and specifically relates to statements that damage the reputation of others.
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What is a breach of confidentiality?
A breach of confidentiality occurs when information given in confidence is disclosed to a third party without consent. Most confidentiality breaches happen accidentally.
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What is professional indemnity insurance?
Professional indemnity insurance is a commercial policy designed to protect you and your business against claims for financial loss or damage that are made by a client or other third party individuals. These claims could come as a result of perceived negligent services or negligent advice your business has provided.
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Short term professional indemnity insurance: a risky business.
Pitching for new contracts can be stressful enough without having to worry about what might happen if you were to make a mistake while working on a project.