If you have a business that provides advice, knowledge or skills to clients there is a risk that you could be sued by clients who are not satisfied with the work you have done.

If this were take place then it could cripple the company not just because of the legal costs but also with regards to the damage that a loss of reputation could cause.

However, one way of mitigating the crippling costs of being sued is by taking out professional indemnity (PI) insurance. This protects businesses financially in the event of being sued for a professional error, omissions or even professional negligence.

So what firms should take out professional indemnity insurance?

For some professions such as solicitors, financial advisers, accountants, mortgage advisors, architects and insurance brokers it is actually a regulatory requirement to have professional indemnity insurance.

However, that doesn’t mean that it is not useful for other companies to have professional indemnity insurance. PI is designed to cover people who sell their knowledge or skills. Therefore, it is a useful product for a number of businesses including estate agents, PR firms and consultants.

By taking out professional indemnity insurance it means that while a business strives to do its best if the worst was to happen and you are sued by your client the costs of legal fees and compensation are covered. Because, if you were to be sued could you absorb the costs in the business? With professional indemnity insurance you don’t have to worry as you will be covered should the worst happen.

What’s more by having professional indemnity insurance in place it proves to your clients that you are trustworthy. It can also help secure new clients who may insist that you have indemnity insurance in place before starting to do business with you.

If you want professional indemnity insurance then go to Markel Direct Insurance to find the best deal for you.

We live in the technological age where we carry with us the kind of gadgetry that would dazzle our forefathers. Young people in particular are generally the biggest exponents of the latest gizmos and new fangled technologies, and therefore the average student carries a wealth of possessions on a day to day basis. These gadgets become part of our everyday lives, and because they are generally so small in stature, it’s easy to underestimate just how much MP3 players and smart-phones are worth. Student specific insurance caters for this expensive and losable paraphernalia.

Students often share accommodation, sometimes on a large scale in halls of residence, or, in a shared house. The flow of people passing through their everyday lives is endless. Loss, accidental damage and theft are commonplace so contents insurance tailored for students is vital.

The laptop and the mobile phone are our portholes to the world. They organise our lives and in recent years we have become nearly dependent on our access to them. Existing without a laptop or a mobile is a bleak prospect for the modern student. The best Student Insurance policies provide a 24 hour mobile phone and laptop replacement service covering theft, loss and accidental damage.

Some student accommodation providers may offer some form of cover but it often won’t be too comprehensive. If you want to protect against theft or loss you really need your own tailored package.

Other benefits can include bicycle cover – a bicycle being a necessity in cities like Cambridge and Oxford. With transport costs soaring and inner city life becoming more and more averse to car usage, the bike is many a student’s preferred mode of transport.

Being a student often comes with a newfound sense of freedom and it would be a shame for the experience to be tarnished by loss, theft or damage to your goods.

Towergate insurance has long been a well trusted and established name in the insurance industry. The company offers a wide variety of insurance types. One type of insurance offered by Towergate is business insurance. A necessity for any type of business, Towergate offers specialised kinds of business insurance for companies. After all, many businesses have their own unique aspects which necessitate different coverage. However, they also offer types of basic coverage that all business require.

Towergate offers specialised business insurance policies for certain industries, such as marine trades, shops, doctors, pubs, restaurants and landlords. Despite this variety, there are some certain types of coverage that are basic to all types of businesses. For instance, liability coverage is offered to all kinds of businesses and is highly recommended to obtain. This insurance protects you against different types of liability that could threaten the viability of your business.

Liability Insurance from Towergate is actually comprised of various components. These would include public liability, which is protection for third party liability. Products liability protects you if your product is substandard and causes harm to others. Professional indemnity is a type of liability insurance that protects you if your professional advice causes any errors which could cause loss or injury. A fourth kind of liability insurance is libel and slander. If you are a writer, this protects you from any liability claims that may arise due to your work. Employers™ liability is another sort of liability insurance, this protects a business if an employee is injured on the job. This kind of coverage is a legal requirement if you employ others.

With such a wide array of liability coverage for businesses, it can be perplexing to determine which kinds of liability insurance you need. Towergate has made it easy to determine this simply from their website. By providing site users with four key questions that are answered simply yes or no, the tool will then provide you with a recommendation based on your answers to these questions. Additionally, Towergate makes it easy to contact them via email or phone which can provide you with any manner in which to obtain this important information.