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Professional Indemnity Insurance - necessary or not?
If you think that you're a professional and you want people to treat you like a professional, then act like a professional. Get it. Some projects (and agencies) expect you to have PII on joining.
Or you could act like a business man and only spend money where it's necessary, thereby looking after the bottom line.
I don't have it, have never heard of anyone else with it, and have never heard of an instance whereby someone has belatedly needed it.
My current contract specifies that my company must indemnify the agent for claims against employees of my company. It does not specify the company must take out PI insurance.
In the absence of that insurance the claim would fall against my company assets - a battlescarred desk, 3 clapped ot PCs and a handful of other junk plus some capital - total value probably < £500. Nobody has ever asked to see copies of any insurance certificates.
Some years back I had a contract through Spring which in the small print said the company must have PI insurance. Once again nobody asked to see a certificate.
I've never taken out PI insurance and have no intention of doing so unless forced. I rely on the protection offered by my Ltd. and in not being Milan.
Antagoneyes, do you think they'll pay me a fee since I mentioned them first?
Unfortunately not - CUK don't tolerate the independant salesman.
If it were between us you would get the commission - not because you mentioned them first but because I don't believe in the product. Freshblue obviously doesn't count:-)
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