Compensation for this post was provided by ProfessionalIndemnityInsurance.com.au. Opinions expressed here are my own.
When you’re running a small business, there’s so much to think about. Professional Indemnity Insurance may not be high on your priority list. But it should be.
From the moment you start providing advice or performing a service, you could be at risk from a negligence claim – and the consequences could be devastating. Between legal costs and the settlement, you could face a five- or even six-figure sum, not to mention the damage to your business and personal reputation.