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Any
person who provides advice, designs or offers similar services in
a professional capacity is considered an expert. A simple error
or omission is all it takes to trigger a claim by the client.
Regardless
of the guilt or innocence of the professional, the time lost and
the cost of legal defence can be financially devastating.
Effective
risk management can help reduce exposure to allegations of neglect,
error or omission but can never eradicate the risk completely
Professionally
Indemnity Insurance provides cover against legal liability to pay
damages and claimant’s costs and expenses as a result of breach
of professional duty on the part of the business.
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