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Ethics - Coggle Diagram
Ethics
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PI
Why?
In the face of a claim, the firm is protected from a financial loss that it cannot meet from its own resources
Protects the firm against consequences of liability to pay damages to 3rd parties for breahces of professional duty that it commits through its professional activities.
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Claim value
Aggregate
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If on claim by claim , covers full limit for every claim
Insurance covers them for certain errors made during their business. Mainly for professional negligence, errors and omissions, breach of professional duty and civil liabilitites
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Summary
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Start your own firm? Complaints handing procedure, handling client money procedure,PI, Data protection, CPD
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