England 14/2/2013
A lot has changed during the 35 years Hensure has been in business, in particular the emergence of indemnity and liability insurance
Today, thousands of professionals who want indemnity insurance and other business insurance products automatically turn to http://www.hensure.com. They do so because they know that Hensure offers a range of insurance products that are specifically designed for business clients.
The Hensure team have come up with many new insurance products in the past thirty-five years to meet the ever evolving needs of UK businesses. For example, society is far more litigious than it once was. Today, the chances of a firm being sued are considerably higher than they were just a few years ago. Recently a consulting engineer was sued for providing the wrong electricity specifications for a building site. This relatively small mistake resulted in a short delay in work starting. A generator had to be hired to provide the extra power needed. The bill to put this small mistake right was £28,000. This demonstrates just how important having proper indemnity insurance is for a modern business.
Some of Hensure’s products were developed in response to changes in UK laws and regulations. Over the years, the UK government has tightened regulations for certain professionals to protect consumers.
Today, many professionals who give advice or act as consultants, such as lawyers, architects and insurance brokers, must take out professional indemnity insurance, by law. If one of these professionals gives bad advice that results in a financial loss to a client, that can re-coup that lost money via the professional’s indemnity insurance.
Consumers are protected from financial loss, but these policies also protect the professionals themselves. Prior to indemnity insurance, a firm could easily be driven out of business simply for making one mistake that resulted in them being sued.
Insurance products will continue to evolve
As the business enviroment in the UK evolves, so will the insurance products on offer at http://www.hensure.com. The Hensure team knows that if they are to remain the number one choice for businesses looking for insurance they will need to continue to develop and tailor their policies to the needs of the firms they serve.