We're about to start our book-keeping firm. We'd be interested to know the different types of coverage that we might need in order to protect ourselves from unforeseen risks.
Total Comments: 4
Posted: Wed Apr 14, 2010 10:31 am Post Subject:
We'd be interested to know the different types of coverage that we might need in order to protect ourselves from unforeseen risks.
It's good that you guys are aware of the consequences. Your mistakes might just cause some financial losses for your clients and may compel them to file lawsuits against you.
Posted: Thu Apr 15, 2010 07:52 am Post Subject:
Professional indemnity is the standard insurance coverage that most professionals have around us. All charges associated with lawsuits and claim settlements are covered under it. It also protects from copyright violations.
Posted: Fri Apr 16, 2010 06:34 am Post Subject:
You won't need Public liability insurance if you're running your book-keeping business from home. You'll need it if you're required to visit places e.g. your client's business office or his home. Most professionals today are paying for this coverage even though it's not a legal requirement.
Posted: Fri Jul 15, 2011 05:13 pm Post Subject: sTQGZFXkleY
Good point. I hadn't thuhogt about it quite that way. :)
Posted: Wed Apr 14, 2010 10:31 am Post Subject:
We'd be interested to know the different types of coverage that we might need in order to protect ourselves from unforeseen risks.
It's good that you guys are aware of the consequences. Your mistakes might just cause some financial losses for your clients and may compel them to file lawsuits against you.
Posted: Thu Apr 15, 2010 07:52 am Post Subject:
Professional indemnity is the standard insurance coverage that most professionals have around us. All charges associated with lawsuits and claim settlements are covered under it. It also protects from copyright violations.
Posted: Fri Apr 16, 2010 06:34 am Post Subject:
You won't need Public liability insurance if you're running your book-keeping business from home. You'll need it if you're required to visit places e.g. your client's business office or his home. Most professionals today are paying for this coverage even though it's not a legal requirement.
Posted: Fri Jul 15, 2011 05:13 pm Post Subject: sTQGZFXkleY
Good point. I hadn't thuhogt about it quite that way. :)
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