 Posted: Fri Jan 02, 2009 1:06 pm Post subject: |
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Hi,
PI policies would generally cover the civil liabilities e.g. documents losses to the limit of the policy, fraudulent activities, physical injuries or damages to property, expenses associated with claims investigations etc.
So you can understand how PI insurance is now a part of your business. It does protect your business and its assets from potential risks. The threat of risky claims getting filed against your business can harm the reputation of your business under different circumstances. Similarly, your business risks the possibilities of bearing with long term litigation amount to a huge expense. So, you know why you'd better have it in place.
Plasticmind
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