Professional Indemnity Insurance
Thread poster: dawnpatriciad
dawnpatriciad
Local time: 12:28
Spanish to English
+ ...
Jan 25, 2009

I hope that this is not impertinent, but I am desperately seeking a Professional Indemnity Insurance policy that is tailored to the needs of a translator / language specialist. I have thus far received quotations from well-known insurance brokers, altough I believe these to be excessive due to the fact that the risks relating to translation are not understood. I would appreciate it if anyone could offer me any advice or leads in this respect. N.B. I am based in the U.K. Many thanks.

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Taña Dalglish
Jamaica
Local time: 06:28
Member (2008)
Spanish to English
+ ...
Happy reading! Jan 25, 2009

Dear Dawn:

Firstly, welcome.

Here are two links to start with, one of which you may (or may not) have already made enquiries of:
http://www.professionalindemnity.org/

www.startups.co.uk/6678842909681690635/buying-guide-professional-indemnity-insurance.html - 44k

However, here is a rather interesting discussion:
http://www.iol.org.uk/discussion/viewtopic.asp?id=1882

HTH!


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dawnpatriciad
Local time: 12:28
Spanish to English
+ ...
TOPIC STARTER
Thank you! Jan 25, 2009

Dear Taña, many thanks for your rapid response. As it happens, I haven't yet explored the two possibilities that you propose, but I most certainly will!

Have a lovely day,

Dawn.


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Ronnie Halpern  Identity Verified
Local time: 12:28
Member (2003)
French to English
+ ...
Have you tried your bank Jan 26, 2009

Dear Dawn,

If you have a business (as opposed to personal) banking account it might be worth contacting your business banking advisor for advice. In my case (HSBC) they could arrange indemnity insurance with a specialist broker. You would obviously need to check if their T&Cs met your needs, of course.
HTH, Ronnie


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dawnpatriciad
Local time: 12:28
Spanish to English
+ ...
TOPIC STARTER
HSBC Insurance Jan 26, 2009

Dear Ronnie,

it just so happens that I also bank with the HSBC (have a business account), and they also offered me insurance, although I am not aware that it was via a specialist broker, rather from the HSBC and underwritten by a company called Hiscox. I was told that the premiums I had been offered seemed quite high - I was offered both a Gold and Silver option. However, if it is the case that this is what you were also offered, than I guess it is somewhat reassuring given that you are a professional translator and appear to be satisfied with the quality of cover offered. Would you recommend this, then?

Many thanks,

Dawn.


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