B
BootDog
Guest
Anybody know the typical rate for professional indemnity insurance? As far as I know, it is billed as a % of turnover - is this in the 0.1%, 5% or 10% range?
The situation is as follows:
Employee being contracted out to Third party firm (a bank).
Third party insists on E1,000,000 cover for liability, relating to public liability (death and injury), property damage, and professional indemnity.
Industry is services to the banking industry (payments processing).
My view is that public liability should be provided by the third party as it is their premesis & property etc., but they have a case for professional indemnity being provided by the contracting company.
Any views?
Bootdog
The situation is as follows:
Employee being contracted out to Third party firm (a bank).
Third party insists on E1,000,000 cover for liability, relating to public liability (death and injury), property damage, and professional indemnity.
Industry is services to the banking industry (payments processing).
My view is that public liability should be provided by the third party as it is their premesis & property etc., but they have a case for professional indemnity being provided by the contracting company.
Any views?
Bootdog