Why Professional Indemnity Insurance?
It is certain that today both businesses and freelancers are required to operate in an environment characterized mainly by instability and uncertainty. On the one hand, this is caused by external factors and events that companies cannot predict and avoid, such as the recent examples of the pandemic and war, and on the other hand, the pace at which factors such as technology and consumer trends change is drastic.
A reliable way to do this is to take out specific insurance contracts where you essentially transfer the responsibility and concern from the entrepreneur, to the insurance company offering a little more peace of mind in the daily difficult effort to achieve the goals.
What is Professional Indemnity Insurance?
Professional Indemnity Insurance is a commercial risk policy designed to protect business owners and self-employed people against claims by their clients for harm suffered as a result of wrongful advice or action.
Any organization that provides professional services or gives advice can be sued if the client is not happy with those services and feels they have been harmed in any way.
Is Professional Indemnity Insurance mandatory?
Mandatory is an insurance that the law or regulation imposes on individuals or businesses to cover their legal liability or their property.
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Our team is here to help you out with any questions you may have.
The GAP Vassilopoulos Group acts as Brokers through their well-established relationships with international ‘A’ Rated insurers’ as well as the local Cyprus market can cater for a wide range of insurance products.
Drop us an email through our website or feel free to contact us at 77 77 77 75 to compare and select the most appropriate insurance policy with our specialized G.A.P. Insurance Agency whom will respond promptly to your needs.