Why self-employed professionals should consider legal expenses insurance
In this blog, we look at the key points to the policy and how self-employed professionals can benefit from Legal expenses insurance (LEI).
- 27 Sep 2023
In this blog, we look at the key points to the policy and how self-employed professionals can benefit from Legal expenses insurance (LEI).
In this article, we look at why it is vital to show diligence in how you can minimise the risk of claims being made against you, and how you can protect your business in the event of a claim.
Find out how each of these two insurance policies help and why it is important for many self-employed professionals to carry both.
It’s crucial to educate yourself about your new role and the responsibilities that it brings to ensure you don’t make any mistakes that might cost you or your business money.
If you’ve ever called an insurance company to arrange your professional indemnity insurance, then it’s likely that you’ll have heard the ‘retroactive date’ mentioned. But what exactly is the retroactive date?
We’ve put together a few points to remember about your professional indemnity insurance and making a claim
Whilst there is an appeal to short-term contracts, the idea of only paying for three or six months of insurance to cover the term of the contract to save money is one you should avoid.
No matter how self-employed professionals make their living, they all need to be fully aware of the potential consequences that a claim against them could have and protect their businesses accordingly with professional indemnity insurance (PI).