View Single Post
Old 19.04.2007, 10:01
rdab100 rdab100 is offline
Newbie 1st class
Join Date: Feb 2007
Location: Zurich
Posts: 28
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
rdab100 has no particular reputation at present
Re: Professional Indemnity Insurance (IT contractor)

View Post
Unless your company has significant assets, you are unlikely to be sued in the event of a serious claim. If you have such a policy , you certainly will be as the lawyers eyes light-up.

If you are doing any job involving real risk, the cost of indemnity insurance is likely to be prohibitive in any case.

Only 300-500/year for 5 million cover in UK... but then renewed same policy for few years. Never had to claim :-)

Reply With Quote