Take cover! Intelligent indemnity insurance. By Richard Joseph

Like most insurance products, the only time you can assess the value of professional indemnity insurance is when something goes wrong. While the hope is that you will never need to call on it, every year when the renewal arrives, questions come back to haunt. How much cover do I really need? What about increasing the excess? Can I get the same cover for less?

Claims are relatively rare and although they can sometimes appear extremely unfounded, they should never be treated lightly no matter how unsubstantiated they may seem.

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