samran Posted October 20, 2006 Share Posted October 20, 2006 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 Link to comment Share on other sites More sharing options...
Chang_paarp Posted October 21, 2006 Share Posted October 21, 2006 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. Link to comment Share on other sites More sharing options...
samran Posted October 21, 2006 Author Share Posted October 21, 2006 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. Link to comment Share on other sites More sharing options...
naka Posted October 22, 2006 Share Posted October 22, 2006 Samran ... You must be AMERICAN ... Right ! Naka. Link to comment Share on other sites More sharing options...
samran Posted October 22, 2006 Author Share Posted October 22, 2006 Samran ... You must be AMERICAN ... Right ! Naka. no, but my clients might be Link to comment Share on other sites More sharing options...
Chang_paarp Posted October 22, 2006 Share Posted October 22, 2006 If you are looking at marketing to Americans carry a LOT of liability AND indemnity insurance. Link to comment Share on other sites More sharing options...
samran Posted October 22, 2006 Author Share Posted October 22, 2006 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. Link to comment Share on other sites More sharing options...
BKK90210 Posted October 22, 2006 Share Posted October 22, 2006 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. Link to comment Share on other sites More sharing options...
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