Lifehacker Talks about BizCover Professional Indemnity Insurance

A couple of months back, Angus from Lifehacker fame featured an excellent write-up about BizCover and its unique Professional Indemnity Insurance services – particularly about how we have simplified life for SMEs and other small businesses and consultants in various fields (not to mention accountants, bookkeepers, etc.).

The article from Lifehacker is below:

“BizCover Quotes, Sells Professional Indemnity Insurance”

Getting home or car insurance online is pretty standard these days, but more specialised insurance categories can be harder work. If you’re self-employed and work as a contractor in many fields (including IT), Professional Indemnity Insurance is a key requirement. Comparison site BizCover generates custom quotes based on your business size and activity, and will sell you the insurance directly if you find a deal that suits. Indemnity Insurance is hardly glamorous, but better to hunt it down online than suffer from an unexpected lawsuit later.

www.bizcover.com.au

What is Professional Indemnity Insurance? A simple, plain-English guide

This is a guide that was published on our original Blogger Blog (and has since been plagiarised by a number of other blogs). So, without further ado, what is Professional Indemnity Insurance?

Professional Indemnity Insurance (PI) is difficult to comprehend, but only at first. One of BizCover’s aims is to make Professional Indemnity Insurance simple (also known as errors and omissions insurance, PI or Professional Indemnity).

What is Professional Indemnity Insurance?
Professional Indemnity Insurance is a form of business insurance for professionals who are in industries where others may use and rely on their professional advice. By being regarded as an ‘expert’ in a field, others may seek legal action against you if they suffer a loss from your professional advice.

For example, if you are an accountant and are responsible for preparing and lodging your client’s tax returns, a failure to lodge the tax returns on time can result in interest and penalties for your client. Your client could take legal action against you for a breach of your professional duty.

Professional Indemnity Insurance may protect you from such action by covering claims made against you, including legal defense costs up to your specified amount of cover, and after taking into account your excess (note that you would need to look at your policy wording to look at what specifically is covered).

Why Do People Hate Thinking About Professional Indemnity Insurance?
Professional Indemnity Insurance forms the largest percentage of your business insurance expenses. Typically, Professional Indemnity Insurance is a time-consuming process taking up to 12 weeks. Again, it’s expensive and most people don’t know if they are getting the best deal.

This is where BizCover steps in to satisfy your Professional Indemnity Insurance needs. BizCover allows you to get live online quotes in under 2 minutes, and purchase in only a couple more. BizCover also allows business professionals to compare policies from leading insurance providers (AIG, Dual and Vero) to make sure that you’re getting the cover you need. By staying online, you are also benefiting from reduced pricing and costs.

So, make sure you visit http://www.BizCover.com.au for further Professional Indemnity Insurance info, and get a free 2-minute quote!

Alternate link for Professional Indemnity Insurance Quotes

Welcome to BizCover’s New Blog: Professional Indemnity Insurance

We have decided to make the switch over to WordPress due to the superior hosting options.

We will endeavour to republish some old posts from our blog.

Meanwhile, don’t forget to check out our site at http://www.bizcover.com.au/bizcover/

BizCover provides cost-effective Professional Indemnity Insurance policies for business professionals: saving you time, saving you money, giving you choice.

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Original post: refer here for updates on Professional Indemnity Insurance for all categories including marketing, consulting, PR, Bookkeeping, Accounting, Taxation, Real Estate and More.