01270 758056
Computer Training Consultants Professional Indemnity, Manchester, Stockport

Computer Training Consultants Professional Indemnity

Computer Training Consultants Professional Indemnity insurance can protect you and be available in a matter of minutes.

As Computer Training Consultants you will be responsible for delivering advice to your clients which will often cause significant impact on their business.

A Computer Training Consultant acts in a professional capacity and offers advice and a professional service to clients who rely on the accuracy of your service. If you make an error or omission in the advice that you give and this causes a third party to suffer a financial loss then you could be held liable.

Professional indemnity insurance provides cover for both the cost of defending such claims, and for subsequent damages for which you may become liable.

It is important to carry Professional Indemnity Insurance as mistakes can be costly and so can the legal fees that are incurred in the defence of such claims. It is therefore prudent to carry a sufficient limit of professional indemnity cover.

Hensure Business Insurance has over 40 years of experience of trading with sole traders and small businesses and can offer very competitive rates for Professional Indemnity Insurance with minimum premiums starting as low as £40 + IPT and a small admin fee.

What indemnity limit does Computer Training Consultants Professional Indemnity insurance offer?

The limit of indemnity that you require under your policy is generally for you to decide based upon your own assessment of the exposures that you face in your business. It is worth bearing in mind that the costs involved in defending Professional Indemnity claims can be astronomical so this needs to be taken in to account.

It may also be that your client insists on you havinging a certain level of cover as part of the tendering process so the decision may be taken out of your hands to some extent.

Instant online quotes

With instant online quotes, the ability to bind cover online and receive policy documents, it’s guaranteed to save you both money and time at just the touch of a button.

We are not a call centre and so you will be assigned to an experienced Account Handler who will give a warm, friendly, fast and efficient service for your total peace of mind.  Our staff have considerable experience in the placement of professional indemnity insurance.

We can also look to build a bespoke insurance offering for you which could include office equipment and liability cover, accident and incapacity cover and legal expenses cover if required.

Click on the quote button to proceed now. if you require further information, please contact us or call 01270 758056 now.

Any one claim or Aggregate Cover?

It is important that you know the difference between the types of cover that are available in the market as they can make a huge difference to the cover in the event of a claim. It can also make a big difference to the premium charged.

If a policy is written with cover’ in the aggregate’, with say a limit of indemnity of £1m it means that this is the maximum your insurer will pay for all accumulated claims in one policy period, including associated legal costs.

If your policy is any one claim, that same £1m level of cover applies to each claim – regardless of how many claims you make. Usefully, the legal costs are paid in addition to this and to the same level of cover.

In effect, each claim has a £2m total fund, split half and half for damages and legal costs.

Claims made basis of cover rather than claims occurring basis.

It is important to understand that professional indemnity policies are written on what is called a ‘claims made’ basis. This means that they provide cover for claims made against you during the policy period (i.e. after the inception or renewal date) that relate to work that you have done at any time after the retroactive date.

What is the retroactive date under a professional indemnity policy?

Policies on a claims made basis should include a retroactive date to protect the policyholder against claims in respect of work undertaken prior to the current policy year. The retroactive date should coincide with the date you started trading or the effective date of your first professional indemnity policy. It is possible to arrange a policy with retroactive date of none, which effectively provides cover in respect of all previous periods.

How much is your Professional Indemnity insurance going to cost?

The cost of your Professional Indemnity cover will depend upon a few key factors including the exact nature of the work you undertake, your annual turnover, your previous experience and whether you have previously had any claims made against you.

Please follow the link to get a competitive quote with wide cover today.

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