3 Useful Tips for Consulting Firms When Buying Professional Indemnity Insurance

Consultants such as accountants, lawyers and financial advisers offer services in exchange for fees. However, during such a transaction, another party might suffer losses or damages be it financially, emotionally or their reputation.  In this sense, a legal liability will arise due to the alleged consultant’s error of omission or acts of negligence when rendering such a service. Also, failure to provide a service as may have been agreed between a consultant and another party, can form a ground for legal liability. Read More»