Personal Liability Insurance

[samran]

I’m looking into the possibility of doing a bit of consulting work, via my own sole trading entity (massive plug for Sunbelt here who can arrange all this). I’ve already got a couple of potential clients lined up. One thing I’m looking into in insuring against any personal indemnity for any advice I give or work that I do.

Can anyone point me in the right direction to companies in Thailand who would offer this service?

Cheers

Samran

[Chang_paarp]

Viriyah offers;

Professional Indemnity Insurance:

This Insurance aims to indemnify or protect the insured against claims made by a third party for compensation (including legal costs) after the third party has suffered financial injury resulting from the professional negligence of the insured.

look here for more info.

I think you are looking for indemnity insurance rather than liability. Liability is where someone trips over the carpet in your office/shop and sues you for dammages. Indemnity insurance is wher they sue you for dud advice. I think they do liability too.

[samran]

Viriyah offers;

Professional Indemnity Insurance:

This Insurance aims to indemnify or protect the insured against claims made by a third party for compensation (including legal costs) after the third party has suffered financial injury resulting from the professional negligence of the insured.

look here for more info.

I think you are looking for indemnity insurance rather than liability. Liability is where someone trips over the carpet in your office/shop and sues you for dammages. Indemnity insurance is wher they sue you for dud advice. I think they do liability too.

Cheers for that. Thanks also for clearing up the definitions.

[naka]

Samran ... You must be AMERICAN ... Right !

Naka.

[samran]

Samran ... You must be AMERICAN ... Right !

Naka.

no, but my clients might be

[Chang_paarp]

If you are looking at marketing to Americans carry a LOT of liability AND indemnity insurance.

[samran]

If you are looking at marketing to Americans carry a LOT of liability AND indemnity insurance.

exactly.

The main thing is to protect myself more than anything. Also I think it is just pure common sense.

[BKK90210]

I don't know about thailand

I'm a prof licenced structural engineer....Here in the US - I'm paying $3000/yr for liability insurance. This allows for up to $500000 coverage for each client.