Personal Indemnity - yes or no?
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
work: www.webfooteddesigns.co.uk
business books blog: www.brilliantbusinessbooks.co.uk
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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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
call 0800 458 9118
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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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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