Insurance Need or Not
Posted by in Insurance on April 23, 2012
Insurance according to the dictionary, is a promise of reimbursement in the case of loss or
How to Read an Insurance Policy
Posted by in Insurance on April 13, 2012
Remember Hurricane Katrina? In addition to the physical devastation and loss of lives, it resulted in an insurance nightmare for many business owners and homeowners, because their insurance policies did not cover damages caused by hurricanes, tornadoes, etc. As a lawyer, I read a lot of insurance policies. Hurricane Katrina is an extreme example, but it illustrates a scenario I see all the time in my practice: many people do not realize until it is too late that their insurance policies are inadequate or unequipped to shield them from financial losses or other damages.
Professional Indemnity Insurance Explained
Posted by in Financial on April 4, 2012
Professional indemnity insurancecovers professional consultants and service providing firms and individualsagainst alleged negligence in service. Clients often claim that they havesuffered losses due to errors in consultation provided by these professionals.Professional indemnity insurance covers the cost incurred defending theselawsuits and even compensations that arise out of the legal proceedings.
