Professional Indemnity Insurance - Contracting Hints and Tips

Many professional indemnity claims arise out of contrace breach and Insurers say this is often down to poorly worded contracts which can lead to misunderstandings between suppliers and their clients.

Smaller businesses can often feel pressured into signing customers' contracts or terms and conditions without feeling able to challenge or even review specific clauses.

With this in mind Hiscox, a leading Professional Indemnity Insurer has worked closely with the law firm DLA Piper to produce a plain language, contracting supplement, entitled "Contracting Hints and Tips."

The guide:

• defines key contracting terms such as "indemnity", "contract variation", and "warranty"
• explains the potential risks associated with components and stages of contracting
• offers troubleshooting advice for customers in case of a dispute or breach of contract
• spells out the rights and protections contracts offer signatories

These features make this guide a great reference tool. Please take full advantage of this resource. Click here to download The Contracting Hints and Tips Guide.