Personal Indemnity - yes or no?

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emily
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My Business Address Penzance, CON
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Joined: 26/05/2005

I know that this question was asked on here a while back and Steve advised against it but wanted to raise it again to get current views.

We're a web design company and have limited liability. Should we be thinking about getting Personal Indemnity? An insurance broker has recently advised us we should have it but we really don't know if we should or not. Would be grateful for some advice.

Emily

work: www.webfooteddesigns.co.uk
blog: www.marblecake.org.uk

Sparkatrician
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Joined: 13/06/2005
Personal Indemnity?

The question is, is do you need it?

What are the possibilities that something you do could cost a company money or reputation that could end in a court case and cost you money?
Maybe Professional Indemnity? but personal, i don't think so. I think the broker was just trying to make a sale?I just thought that was for accountants and solicitors etc.

So long as the client sends you confirmation that they are happy with the site or any changes you shouldn't have a problem.

But as with all insurance it's there 'Just In Case'

Paul

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call 0800 458 9118

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emily
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My Business Address Penzance, CON
United Kingdom
Joined: 26/05/2005
Woops, I think I meant professional...

Now I've confused myself. I think I meant Professional Indemnity, not Personal.

Thanks Paul. A couple of other web designers I've asked have said definitely get it. I guess it's better to be safe than sorry!

Emily

work: www.webfooteddesigns.co.uk
blog: www.marblecake.org.uk

Sparkatrician
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Joined: 13/06/2005
Indemnity

I did think it was a bit strange and sort of half thought that was what you meant and half thought it was one i didn't know about!

I could do a couple of things for you Emily first i know an insurance broker and can ask him if he thinks you should have it and secondly i can ask other web designers if they have it?

As i said though i don't think you need it since i can't think of a situation where you would need it?

Paul

ELECTRICAL CONCEPTS
Design, Install, Maintenance.
Domestic & Commercial

www.electrical-concepts.co.uk

call 0800 458 9118

emily
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Location

My Business Address Penzance, CON
United Kingdom
Joined: 26/05/2005
Indemnity

Hi Paul

Sorry it's taken me a few days to reply to this. I disappeared into a black hole this week I think. If you are able to find out more for me I'd be really grateful - but don't go to too much bother!

Cheers, Emily

work: www.webfooteddesigns.co.uk
blog: www.marblecake.org.uk

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george22
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What are the possibilities

What are the possibilities that something you do could cost a company money or reputation that could end in a court case and cost you money?
Maybe Professional Indemnity? but personal, i don't think so. I think the broker was just trying to make a sale?I just thought that was for accountants and solicitors etc.
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