Getting the policy gives coverage to:
- A financial advisor taking out the policy
- Contractors, in case they do not have the professional indemnity insurance cover, then you must get the cover along with the work of contracts for which you are liable.
- Directors, partners, representatives and employees who are offering financial advice services as a representative of a financial advisor.
- It is necessary to any individual or entity giving the tax agent services in place of you or as the representative of you.
Spending some time and money for the risk management is not an advice move, but on the same time this is what every insurer needs to be aware about. So, always ready with future safety plans to deal with any of the mishap before that mistake changes to huge loss.