FreelanceInsure - How does liability attach?

Liability insurance covering the right liabilities?

How does liability attach?
Personal liability attaches where a business operates as either a single proprietor or as a partnership. Even when a business ceases to operate, these personal liabilities do not come to an end, but continue for the limitation periods in contract and common-law.

Unique operation of Professional Indemnity policies
Our insurance cover works on what is known as a 'claims made' basis. To explain, this means that it is the policy in force at the time the claim is notified, which will operate, regardless of when the work was actually completed or when the alleged issue of professional performance took place. This is very important.

The ability of clients or third parties to make a claim years after services are complete (subject to the relevant limitation periods) emphasises the importance of maintaining appropriate and effective insurance cover not only when the project is being undertaken but also for a number of years into the future.

see: What can professionals be liable for? or our liability insurance product details