Business insurance experts have recently stated that media or marketing professionals that provide advice to clients can possibly benefit from deciding to take up a professional indemnity insurance policy.
While many have begun to plan street parties in celebration of the royal wedding, many have been warned that the need to take out a public liability insurance policy could throw a wet blanket over the festivities.
One business insurance provider has recently announced it will be modifying its policy for venture capital and private equity firms to ensure it adapts to a regulatory environment that has been growing ‘more robust.’
In an effort to prepare themselves for dealing with an increase in professional indemnity claims from mortgage lenders on the basis of inflated valuations, Countrywide and LSL Property Services have decided to set aside funds of £22.8 million.
Industry experts have warned that many consultants such as freelancers and small businesses need to be more diligent in checking the level of cover they are purchasing with their professional indemnity insurance policies to ensure they are buying a policy that coincides with their business needs.
Experts have warned firms to not skimp on professional indemnity insurance, despite the fact that the specialised business liability insurance cover is not compulsory.
One small and medium sized business insurance specialist has recently announced the launch of a new infographic designed to aid SME owners come to proper decisions when it comes time to buy business liability insurance.
Bespoke insurance provider Stackhouse Poland has recently announced the purchase of a professional indemnity insurance broker for an unknown sum.
One insurer has recently announced it will be enhancing its business insurance policy for select venture capital and private equity firms.
Numark has recently announced its intentions to launch a professional indemnity insurance policy this coming May according to John D’Arcy, managing director for the firm.