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professional indemnity form help

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  • 18-11-2009 6:09pm
    #1
    bishops palace
    Registered Users Posts: 45 ✭


    Hi guys,

    Just filling out a proposal form here to get a quote.

    One question is "What is the amount of indemnity now required?"

    I don't know what the amount of indemnity should be. How would I decide this?

    I am a small, low risk, newly registered client so just starting out and have only one client myself at the moment so i have nothing prior to go on.

    Any input would be great?:o


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    #2
    broker2008
    Registered Users Posts: 750 ✭✭✭broker2008


    Professional indemnity for what? Insurance Broker ? Solicitor? eg rates for an insurance broker will usually be higher when just starting off. A solicitor just starting off will get a huge shock as the cost of Professional Indemnity will go through the roof and estimated to cost as much as 20-25K becuase of potentialand pending claims in this great country of ours.


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    #3
    bishops palace
    Registered Users Posts: 45 ✭bishops palace


    Oh sorry I omitted that. I'm a self employed accounting technician providing accounting and bookkeeping services for my client including payroll and vat for €1,200 per year. Obviously I would be hoping to grow to more than one client but I only have the one at the moment.

    I was advised by my accounting body to seek prof indemnity.


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    #4
    oldyouth
    Closed Accounts Posts: 4,754 ✭✭✭oldyouth


    Try these guys http://www.arachas.ie/business_prof_indemnity_ins.html


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