Professional Indemnity Insurance Protects Against Potentially Costly Legal Action

Legal action brought about by a third party could be enough to bring a company to its knees unless that organisation has the appropriate protection.

London, United Kingdom (prHWY.com) October 17, 2012 - London, UK October 12th 2012 - Every business faces some risk of legal action being taken by customers, competitors, and third parties. In some cases it can lead to a loss of many thousands of pounds if the business, or its executives or employees, are found to have been negligent. For the modern professional, the threat of legal action being taken by third parties is very real and it is important to find some way in which to protect against a loss of income, revenue, business, and reputation that can arise.

Being sued for professional negligence can lead to financial loss. The claimant will usually be awarded an amount dependent on the damage, injury, or loss that they were subjected to as a result of information or services provided by the professional. However, with professional indemnity insurance, UK businesspeople and professionals can enjoy protection against these types of court cases. In some cases, it may be a legal requirement that a business or its employees have suitable PI insurance.

The likes of solicitors and architects are usually required to have PI insurance and those that are not required legally to have this type of insurance may be bound by contractual obligations to have adequate insurance in place. In the modern era where individuals and businesses are more inclined to pursue legal action, any professional that offers a service or consultancy advice is well advised to take out a good quality PI insurance policy.

Hensure Business Solutions has been trading under the name of RK Henshall& Co Ltd since 1976 and they have a reputation for providing high quality business insurance policies to their clients. PI insurance is just one type of policy offered by the company and clients can also benefit from public and employers', directors' and officers', and numerous other insurance types.

Contact:
Hensure LTD
54-56 Nantwich Road
London, UK
Zip: CW2 6AL
Tel: 0844 770 9590
Web: http://www.hensure.com/
Email: Hensure.com@RKHenshall.co.uk

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Tag Words: indemnity insurance, proffesional, brokers, commercial insurance

Categories: Insurance

Press Release Contact
Hensure LTD
54-56 Nantwich Road
London, UK
Zip: CW2 6AL
Tel: 0844 770 9590
Web: http://www.hensure.com/
Email: Hensure.com@RKHenshall.co.uk

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