"We believe that there is still an appetite for professional indemnity insurance
that covers independent practices rather than for individual professionals," he shared.
Although employees have a general knowledge of how their major medical insurance works, they may not understand the benefit of having supplemental hospital indemnity insurance
. This is an opportunity to help them understand that while major medical pays for most medical services, hospital indemnity insurance
is designed specifically to help with out-of-pocket costs that insurance typically doesn'tcover, like a deductible or copayment.
Hospital indemnity insurance
offers much less coverage and helps with bills for a much narrower range of conditions.
* This report provides a comprehensive analysis of the professional indemnity insurance
market in the UK
Warranty and indemnity insurance
provides a solution for the 'warranty gap' where sellers who are not prepared or able to give warranties and indemnities can provide a package which will enable buyers to make warranty claims against the insurer.
The amount of professional indemnity insurance
cover the designer is required to have in place is generally determined on a case by case basis, depending on the extent and the complexity of the design works in question.
However, it noted that since the insurance surveyors rely more on professional skills rather financial strength to undertake their work, the proposed changes a fivefold increase in capital requirements and a tenfold increase in indemnity insurance
will do little to improve either the standards in the industry or inculcate responsibility in the surveyors.
"To protect their bottom line and their clients, solicitors need to take out a professional indemnity insurance
policy that was designed with their business in mind."
That's according to Liverpool law firm Maxwell Hodge which says the soaring cost of indemnity insurance
is send practices to the wall.
It comes after the firms were unable to secure professional indemnity insurance
, protecting them against negligence claims.
The new licence will also guarantee that Applegate Properties is covered by required amounts of Professional Indemnity Insurance
. it will also undertake 12 hours of Continuing Professional Development every year, commit to keeping up to date with industry developments and be bound by the NAEA's Rules of Conduct.
WELSH solicitors who failed to meet a deadline to operate with indemnity insurance
are facing severe challenges, a leading professional indemnity broker has warned.