|
by John Frostell
Professional Indemnity (PI) is a type of insurance that is often used by practising professionals such as accountants, lawyers, architects, interior designers, engineers and consultants.
There are two reasons why practising graphic designers should consider PI insurance:
- To cover against financial (civil law) claims made against a graphic design company's work. These would usually be made by a client and could be directed at any party involved in a project for which the company might be responsible. (Examples of claims can include breach of copyright, printer error, consumer loss etc.)
- Some clients, especially many government bodies, insist on this cover being in place before contracts are signed. This is to provide recourse in the event of the above.
More detailed questions are best posed directly to a PI insurance consultant who can provide specific answers based on knowledge of the inquirer's business.
For members who are interested in getting PI, AGDA has an arrangement with OAMPS, an Australian insurance broker:
|
