Are you thinking does my profession really need a PI Insurance? Well, then consider for a moment that your client losses money or suffers a considerable damage because of a mistake you made! You might be confident that you have made nothing wrong, but still you can find yourself defending a lawsuit, and if your clients claim gets upheld, you will have to pay whatever compensation he/she wants! This is exactly when having a PI Insurance comes handy! The insurance will pay for these legal costs and also the compensation. You will come by many clients who will first want to check out whether or not you are PI covered before they even make a contract with you!
The benefit of having a PI Insurance is you are relieved of these tensions that comes with your profession, and thereby increasing your productivity as also the number clients you have! The only thing that a PI Insurance does not cover are criminal procedures and some civil cases. All other claims are all covered by the insurance.
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