Small boat insurance guarantees the protection of your boat or yacht in case of unexpected and unforeseen events. Yacht & Motorboat Insurance offers protection in situations where your watercraft is in the water, launched or taken out of the water, transported on a trailer or when it is moored at a quay. Whether it is an unexpected technical failure, collision or theft, our insurance guarantees your peace of mind. Real life samples: Example A The yacht took part in the race, at the end of which the yacht headed towards the port. The shallows in the port were not properly marked and the yacht was damaged. The extent of the damage was over €18,000 Example B: While moored in port, the yacht's engine stopped working. Although the yacht was successfully moored, the stern of the yacht was damaged during the maneuver. In addition, during mooring under the influence of the wind, the yacht collided with a boat standing by the quay, causing damage of over €9,000 What can we learn from this? Safety comes first: Safety regulations must always be followed and risks assessed. Preparation counts: Before traveling to a new place, you need to do thorough research. Technical maintenance is important: Regular maintenance can prevent unexpected technical problems. Experience helps: Adequate experience and skills help prevent accidental damage. Small boat insurance is essential: It is important to have proper insurance to protect your property, ask for a quote > here. Yacht or Motorboat owner's memo A. Check the technical condition of your small boat before every trip B. Follow the rules of water traffic and be aware of the movement of other watercraft C. Monitor the weather forecast and sea conditions What to pay attention to when concluding a small boat insurance policy? The length of the contract period is three (3) months to one (1) year Make sure you choose the right insurance territory (Baltic Sea, Estonian inland waters or Europe). If necessary, there is a possibility to expand the area of the territory The amount of the insurance payment does not change if you choose to pay in installments Hovercraft, ice sails, hydrocopters, hydrofoils and jet skis cannot be insured Insuring a wooden boat requires separate coordination with the insurer's risk manager About 75% of damage cases are caused by collisions and collisions, and mostly the engine and the engine leg are damaged, so before signing a small boat insurance contract, pictures of the engine and its leg must be taken When insuring a small boat, we recommend taking out liability insurance for the owner of the small boat. It is also possible to insure only the liability insurance of the owner of the small boat. What photos are required to conclude a small boat insurance contract? Registration number, identification mark Bow and left barre Stern and starboard Underwater part (front and back, left and right side) Control panel Engine, engine installation type (inside or outside), engine number, in the case of an outboard motor, also the leg, gearbox, propeller blades Ignition keys and anti-theft system controls Insurable standard equipment Insurable additional equipment If the small ship has damage, all the damaged areas will be to be photographed separately

From the beginning of this year (2024), Inpro Insurance offers of Motor Insurance  (Casco Insurance and Traffic Insurance / TPL-Third Party Liability) will be changed in such a way that the method of taxi use is automatically determined on the offer/policy if the vehicle has had a valid taxi transport vehicle card within the last 180 days. In the TPL (Third Party Liability) motor insurance offer/policy, the insurance premium calculation method of taxi use will be changed, and the taxi coefficient is applied. The confirmation rule does not apply, and the offer can be forwarded to the customer with the method of taxi use and payment. In the Motor Comprehensive (Casco) Insurance offer/policy, the method of taxi use is determined, and the taxi coefficient and confirmation rule are applied. Inpro Insurance Brokers will provide with best possible offers of different insurance operating in Estonia or EU, previously getting the approval of underwriter using taxi usage method. If on the Comprehensive (Casco) or Motor TPL (Third Party Liability) insurance offer/policy it is requested by the Client to change the usage of the vehicle from “taxi” to “regular use”, the confirmation rule applies. If the vehicle used as a “taxi” has not had a successful change of owner, the possibility of insurance with “regular use” might not be offered to the Client. Additional information: The validity of the taxi vehicle card can be checked here: https://mtr.ttja.ee/taotluse_tulemus/eriotsing/taksokaart?_reset=1&m=122 The way the vehicle is used is not changed in the extension policy. If the Client no longer drives a taxi, the extension policy must be changed to “regular use”. If the vehicle has had a valid taxi vehicle card, but the owner of the vehicle has changed, the taxi usage method does not apply.

Motor Casco insurance is voluntary and is primarily intended for vehicle owners who in addition to compulsory motor third party liability insurance would prefer an additional insurance cover for their vehicle. Casco insurance protects your vehicle against potential accidents, for example when the driver of the vehicle is at fault in a traffic accident, when a vehicle is hit by a wild animal or tree falls on a vehicle. Lately the prices of Casco Motor Insurance significantly went up in Estonia. Casco Motor Insurance includes all-risk insurance (e.g. a fire, traffic accident, vandalism, natural disaster, theft or robbery) that damages or destroys the insured vehicle. Free roadside assistance across Europe (24h). ​ ASK FOR AN OFFER ​ Once we have received your inquiry, we will quickly compare the offers of different insurance companies and help you choose the most suitable insurance solution for you. A comparison of offers will be sent to your e-mail within minutes. Our clients always get the best insurance terms at the best price. ​ https://en.inpro.ee/get-quote If another insurance broker offers you a more favorable solution on the same terms, we will make you an even better offer. We provide our clients by finding the best options and by claim handling assistance. We always remember when your vehicle insurance expires and let you know when it's time to re-insure. Motor Casco insurance is voluntary and is primarily intended for vehicle owners who in addition to compulsory motor third party liability insurance would prefer an additional insurance cover for their vehicle. Casco insurance protects your vehicle against potential accidents, for example when the driver of the vehicle is at fault in a traffic accident, when a vehicle is hit by a wild animal or tree falls on a vehicle. In general Casco insurance policy covers all risks of fire, theft, vandalism, hijacking, robbery and third party damage. Categories of vehicles: Cars Taxi (Incl. Bolt, Uber etc.) explore more > here. Mopeds and motorcycles Vans Trucks Trailers Buses Tractors The object of insurance is the vehicle along with the parts and equipment mounted on the vehicle. In order to ensure full insurance coverage, the additional equipment of the vehicle such as: extra lights, alloy wheels, spoilers, taxi equipment, winches, in-car audio, video and other must be specified in the policy. In addition to the standard package you can choose: Window insurance. Indemnifies glass damage resulting from the breakage of passenger compartment glass. The cost of applied window tinting will also be indemnified along with the glass. If window insurance is not selected as additional insurance cover for the package, window damages will still be covered, although in the case of damage the specified deductible will be applied. New value insurance . New value insurance is required for a new vehicle. It provides the additional cover if the vehicle is destroyed or lost as the result of an insured event. New value insurance indemnifies the acquisition price of the vehicle (the price at which the vehicle was purchased). Securing a replacement car. Important to ensure that the life of a person who moves about primarily by car does not stop. If the vehicle is incapable of moving or is currently being repaired, a replacement vehicle will be placed at the disposal of the insured person for that period. Accident insurance. Some of the traffic accidents end tragically. Accident insurance will help to cope with the consequences. In the case of accident insurance, people who are occupants of a vehicle during an accident are insured, and in the event of their death or a permanent incapacity for work, an insurance indemnity is provided. Luggage insurance. Indemnifies damage, destruction, or damage resulting from loss, to objects located in the passenger compartment, luggage compartment or roof box of an insured vehicle in the event of an insured event. ​ CASCO INSURANCE FOR LUXURY VEHICLES ​ We call "luxury" or "exclusive" rare or very expensive vehicles. Casco insurance for such cars is very expensive and sometimes local insurance companies do not offer insurance coverage at all due to high risk and cost of reimbursement or offer insurance coverage at very high rates. In such cases, we find for our clients motor casco Insurance coverage solutions from the global insurance companies outside the Republic of Estonia or negotiate with local insurers on the terms and conditions of motor casco insurance for such vehicles and receive additional discounts for our clients. ​ We have extensive experience in this field of insurance, due to the fact that among the clients of Inpro Insurance are owners of exclusive cars. We know exactly what aspects are worth paying special attention to and how to get the most acceptable conditions and quotes for motor casco insurance for our clients. Contact us, we will help you. ​ #kaskokindlustus #inproinsurance #motorinsurance

FOR AN EMPLOYEE: Opportunity to visit a specialist without a referral Allows the choice of a suitable doctor and treatment facility Private care costs are covered, which is not included in the State Insurance Fund Decreases personal expenditures due to health Quick and confidential – health information is not share with the employer FOR AN EMPLOYER: Helps enhance the reputation of an employer on the work market Certainly, gives an advantage in recruitment Increases the satisfaction of the existing workers and helps decrease employee turnover by giving a picture of a caring employer Helps support the upkeep of a worker’s productivity and reduces the number of days that an employee is unable to work The employee can choose a suitable doctor and treatment facility The employee can deal with health concerns more quickly and economically Employees with a positive mindset are more open and adjust to changes more easily WHAT IS CORPORATE HEALTH INSURANCE? ​ Health insurance is the most valued social guarantee on the labor market that an employer can offer an employee. Health insurance for employees is an insurance voluntarily taken out by an employer in the interests of its employees to supplement the state health insurance system. This is a great added value for employee motivation. Studies show that employees value an employer who cares about their health and well-being. In addition to holidays and flexible working hours, health insurance, life insurance and personal accident insurance have also become important. ​ Health insurance allows the company's employees to use paid medical services at no additional cost or at a lower cost (depending on the insurance program) and to get necessary medical treatment faster. Health insurance for employees is suitable for companies of different sizes in different sectors. ​ EMPLOYEE HEALTH INSURANCE ALSO COVERS DENTAL ​ Corporate Health Insurance also covers dental care for the company's employees, under which the company insures its employees in case they incur regular dental expenses or dental expenses caused by an accident. Dental Insurance is available only as part of the Corporate Health Insurance program. ​ WHAT RISKS ARE COVERED? ​ The employer has the opportunity to choose which programs and amounts are included in the Health Insurance Contract. For example, partially or fully reimbursed paid medical services can be added, a certain amount of limit can be set within which the medical services can be used. Employers can also choose to include compulsory health examinations of its employees in the Health Insurance Contract. ​ INSURANCE TERRITORY Depending on the wishes and needs of the employer, the territory of the Corporate Health Insurance may be the Republic of Estonia or the Baltic States. In case of international insurance solutions (Morgan Price Health Insurance: Standard Plus, Comprehensive, Premium) - Europe, Worldwide except USA, China, Singapore and Hong Kong or Worldwide. ​ FAMILY MEMBERS ​Some health insurance solutions also extend to the employee's family members.

Kristjan Tommingas, head of the Anti-Drug and Organized Crime Service of the Lõuna Police Prefecture, said that despite the arrest of Lithuanian citizens who were caught stealing cars in Tartu County in September, Lexus and Toyota Land Cruiser SUVs continue to be hijacked in South Estonia. “Until now, criminals were interested in 2018-2022 SUVs. In the last month alone, several Land Cruisers and Lexus SUVs have been stolen from different parts of South Estonia, and another Lexus SUV has also been attempted to be stolen. All these events took place under the cover of night,” said Tommingas. The police opened a criminal case to investigate all these thefts. “The data collected so far gives the police grounds to once again suspect the hijackers from Lithuania of committing these crimes,” says Tommingas. Tommingas added that crime police officers are actively working to prevent car thefts and catch car thieves, but people can also do a lot to protect their vehicles. “First of all, we ask all owners of SUVs of this particular brand, as well as all other members of the society, to be vigilant and report to the police if they notice suspicious movements or strangers and cars near their homes,” the policeman says. According to him, the criminals, and these are men aged 20-40, can travel in ten-year-old cars with British or Lithuanian numbers. “It is also known that criminals carry out preliminary work and therefore can, at night, both on foot and on electric scooters, move to various places where Lexus and Toyota Land Cruiser SUVs are parked. They can hide their faces either with a mask or some other piece of clothing,” Tommingas listed dangerous signs that should be immediately reported to the police by calling 112. Marie Kartau, the prosecutor of the Luna prosecutor's office, explained that similar hijackings are also taking place in other European countries. “In turn, the experience of other countries shows that hijackers may not be limited to Lexus and Land Cruiser SUVs, since, for example, in Belgium there has recently been a wave of Peugeot 3008 thefts. how they change their activities so that we can prevent the commission of such crimes. Unfortunately, the activities of law enforcement agencies are not enough, and everyone can stand up for their personal property. In addition to protecting your property, cooperation with neighbors helps prevent theft. If you spot suspicious vehicles or people, you should not just keep that information to yourself, but talk to your neighbors or the police about it,” Kartau said. According to Tommingas, in recent cases of theft, it has been observed that in addition to extending the signal of the key, other theft methods and devices are used, so just placing the key in a metal box or safe does not help to prevent the described cases. “Therefore, we recommend parking such SUVs at night in such a way that access to the car is difficult for unwanted people. With multiple cars in one household, one might consider having a luxury SUV blocked at night by another family's car, or using some other physical barrier to keep the car from leaving the yard, such as a locked garden gate," the police officer explained. adding. that an additional immobilizer or secret switch can also help provide additional security. “It is also known that many cars already have an additional function from the factory that can be activated by combining different buttons on the remote so that the signal between the car and the key is completely interrupted for the right time,” said Tommingas, urging vehicle owners to contact their car dealer for more detailed instructions and recommendations. Sourсe: Postimees / translated by Inpro Insurance /

Since the pandemic employees are gradually being reintroduced to the office setting. There have been a lot of talks lately about the benefits of remote work. Proponents of working from home argue that it is more productive and allows employees to have a better work-life balance. But is this really true? Or are there some drawbacks to working remotely that people don't often talk about? In this blog post, we will explore the pros and cons of both remote working and working in an office setting. Pros and cons working from home Some people argue that working from home is more productive because there are no distractions from colleagues or office politics. You can also create your own ideal work environment, which can boost productivity. And if you have young children, working from home allows you to be more flexible with your schedule and spend more time with them. Employees are happy with these benefits of working from home. One of the biggest drawbacks is that you can feel isolated and lonely when you work from home. It's easy to feel cut off from the rest of the world when you're stuck in your house all day. And without face-to-face interaction with colleagues, it can be difficult to build relationships and feel like part of a team. you may feel like you are missing out on networking opportunities that would be easy to come by in an office setting. Another downside of working from home is that it can be harder to stay focused and motivated. It's easy to get distracted by things like the TV or household chores. And without the structure of an office environment, some people find it more difficult to stay on task. Pros and cons working from an office One of the advantages of working from the office is that it allows for face-to-face interaction with colleagues. This can help build relationships and foster a sense of teamwork and community. Those spontaneous conversations over coffee or while passing in the hallway are hugely valuable. These moments can provide people with context about the business, new ideas, collaboration opportunities and potential insight into where work overlap is occurring. Additionally, being in an office setting can help some people segment work from personal life. Even if you love your job, it’s not healthy to feel like you’re working every waking hour. When you’re physically in the office, it’s easier to clock out at the end of the day and enjoy your personal time. Having a dedicated office space can also be helpful for staying focused and motivated. It can be difficult to stay on task when you’re working from your couch or kitchen table. Having a separate space for work can help you get into the right mindset and be more productive. It is often said that not all jobs are suitable for homeworking, but it is also true that not all homes are suitable for jobs. Hybrid Another possible solution is the hybrid workplace model, which is when employees split their time between working from home and working in the office. This can be a good solution for people who want the best of both worlds. For example, they can work from home two days a week and then come into the office for three days. Employees have the flexibility to agree with their manager on which days work best for them. Many companies have introduced hybrid working in order to try and balance the pros and cons of both remote and office working. This allows employees to have the best of both worlds, as they can enjoy the flexibility of working from home with the benefits of face-to-face interaction when they come into the office. In other words, a hybrid workplace offers flexibility, for those employees who want it. It attracts a new generation of workers who demand it. The hybrid workplace boosts employee happiness and cuts down on costs. This change isn’t on the horizon; it’s already happening. What’s best? There is no one-size-fits-all answer to this question. It depends on your individual needs and preferences. If you enjoy working in a team setting and need the structure of an office environment to stay focused, then working in an office may be the best option for you. But if you prefer to work independently and value the flexibility that working from home offers, then remote work may be a better fit. Ultimately, it's up to you to decide what type of environment will allow you to be the most productive and happy. At Inpro Insurance, we do hybrid. Do you think that remote work is a good solution for companies and its employees? Do you think that it has more advantages or disadvantages? What are your thoughts on hybrid working, is this the new way forward? Let us know in the comments!

An insurance broker is a specialist in insurance and risk management. Insurance Brokers act on behalf of their clients and provide advice in the interests of their clients, differently from insurance agents, who work on behalf of an insurer. A broker will help you identify your business risks to help you decide what to insure, and how to manage those risks in other ways. An insurance broker might specialise in one specific type of insurance or industry, or they might deal with many different types. Insurance brokers can give you technical advice that can be very useful if you need to make a claim. Insurance Brokers are aware of the terms and conditions, benefits and exclusions, and costs of a wide range of competing insurance policies, so they can help you find the most appropriate cover for your own circumstances. Brokers can help arrange and place the cover with the chosen insurer and can often provide advice on how to make the most of your insurance budget. Regulations All insurance brokerages in Estonia must have an Estonian Financial Authority (Finantsinspektsioon) licence, and be listed here Where a broker provides you with personal financial advice then in accordance with the regulations they must: • Act in your best interests • Provide you with appropriate advice • Warn you if their advice is based on incomplete or inaccurate information • Prioritise your interests where there is a conflict with their own interests (or interests of a related party) Do you have to pay for the services of a broker? When the policies are purchased, many insurance brokers get paid a commission. Other insurance brokers act on a fee-for-service basis and negotiate the fees they charge with their clients. Ask your broker to explain the situation to you. Does it cost more to use a broker? Not necessarily. It can cost less because brokers have knowledge of the insurance market and can negotiate competitive premiums on your behalf. Remember, not all insurance policies are the same. You might be able to get a cheaper policy elsewhere, but it may not provide the cover you need if something goes wrong.

If you’re an Amazon seller, chances are you’ve noticed some seismic changes in the e-retail landscape these last few years. Online sellers have seen a significant uptick in sales since the start of the COVID-19 pandemic, as more shoppers swap traditional brick-and-mortar shops for virtual shop fronts. Lockdown or not, it’s a trend that seems here to stay. Consumers have embraced the speed and convenience of shopping online. And that’s nothing short of good news for your bottom line, of course. That said, there’s a balance to be had. If something goes wrong and your business takes a hit, you could see your funds drain away quicker than a blink of an eye. So, now might be the time to bag a little something for yourself for a change. Something in the shape of Amazon seller’s insurance, perhaps. Here’s why. Who'd have thunk it? If adjusting to life during a pandemic has taught us anything, it’s to expect the unexpected. Like a kitchen gadget that sparks a fire in someone’s home after its batteries overheat. Or a customer who sues you after the heavy ornament they’ve ordered slips out of its safety packaging and injures their foot. Thankfully, accidents like these aren’t in the main. But it takes only one of them to make a sizeable dent in your business. Rightly or wrongly, you’ll have to defend yourself – and pay out of your own pocket to do it, too. Plus you’ll need to figure in court costs, legal representation and possibly also compensation, likely amounting to several thousands euros. Unless you have Amazon seller’s insurance that is, which’ll do all that for you. Why do I need Amazon seller's insurance? As a third-party seller, you can’t assume the platform you sell on will pick up your legal tab. Or that the injured party will chase after the bigger boys for compensation, and not you. Also, if you occasionally ship to countries that err on the litigious side, like the States, there’s every reason to be careful there too. That’s where Amazon product liability insurance comes into play. It covers you if someone claims against you for damages. In other words, where something you’ve sold has injured someone, damaged their property or made them sick. You have a case to argue – but you don’t have to do it yourself. Product liability insurance for Amazon sellers covers the costs of a lawyer who’ll represent you in court. If it turns out you have to pay damages to the injured party, it’ll cover that too. Insurance requirements for selling on Amazon In Estonia, General Liability insurance does not include Product Liability insurance, and you have to request it as an endorsement or as separate product. Some Amazon sellers may need commercial umbrella insurance (complex of insurances) to boost their liability coverage limits. Amazon requires business insurance for Amazon Pro Merchants and sellers with gross proceeds of over 10 000 US dollars during any month from sales on its platform. According to the Amazon Services Business Solutions Agreement, the minimum requirements are one million euros per-occurrence and one million euros aggregate limits of commercial general liability insurance and product liability insurance. Your insurance must be valid (ie must cover the dates you’re trading and have been bought through a reliable insurer). Your policies must name Amazon and its assignees as additional insureds. Amazon sellers looking for safe, reliable cover for their products. So whether you trade on Amazon US or across a number of platforms, you’re covered if a customer accuses your products of causing them loss, damage or injury. If things escalate and sparks start to fly, you can bank on knowing that your insurer will step in to settle the claim. Tough breaks By the very nature of the way they do things, most Amazon sellers have little to no contact with the public or anyone else connected to their business. So there’s no need for insurance there. Except that’s not true, is it? Even if you pack and ship everything from home, you’re still likely to have couriers come to your door (and often in a rush). And though you might not be meeting face-to-face with suppliers now, there’s every chance that you will in the future. Public liability insurance covers your liability if a member of the public gets injured as a result of coming into contact with your business. So if the postie trips over a loose paving stone in your driveway and breaks a hip, or your pop-up stall topples over and takes someone down with it, you’re not left shouldering the bill yourself. Because public liability covers occasional selling at events and markets too. Good buy or goodbye? Lastly, it’s worth thinking about one of your most important assets: your stock. Without it, you can’t sell. And if you can’t sell, you don’t have a business. If, like most sellers, you store, sell, pack and ship most of your products from home, you might assume your home insurance policy would compensate you if any of it gets lost, damaged or stolen. Except there’s every chance it won’t. Home insurance is typically designed to cover domestic property and so insurers generally won’t cover your business losses. Stock and property insurance, on the other hand, takes care of any stock or equipment connected with your business. It pays to repair or replace your stock if light fingers or a burst pipe mean you don’t have any to sell. And it also covers the things you need to sell in the first place ie your PC, printer, desk etc. Before you decide exactly what insurance you need, it’s worth checking up on Amazon’s requirements for selling in the UK and Europe, as set out in their sellers’ agreement (or Europe Business Solutions Agreement, if you want to look it up). For help on insurance for Amazon sellers, call us on +372 3838 118. Or write an email: info@inpro.ee

Whether you are creating the next big computer program that will change the world, or you are a small app creator, there are risks involved. As a software development professional, you and your business are at risk anytime you are providing a professional service to a client. There are many reasons that a claim could arise that involves your business - day to day. Intentionally or not, some things can happen that can make a client unhappy and cause them to sue you. Copyright infringement, cyber attacks due to a vulnerability, damage to a clients property while you are working (i.e. coffee spilled on a computer), coding errors, and failure to complete your project on time are just some of the things that can be claimed by an unhappy customer. The best way to avoid having a significant financial loss is to contact your insurance broker and get one of the most important insurance coverages – Professional Indemnity insurance policy designed specifically for software developers. What Does Professional Indemnity (PI) Insurance for Software Developers Cover? You may also hear the words Errors and Omissions or Professional Liability when discussing Professional Indemnity insurance. It is crucial that as a software developer you have a Professional Indemnity insurance policy because mistakes can happen and some customers will be unhappy no matter how you try to correct the situation. In addition to the fundamental Professional Indemnity coverage, you will also be covered for defense costs. Defense costs can end up being over tens of thousands of euros depending on how the court case goes, and you will also be on the hook for court fees. Even if you win the court case, the attorney is going to charge you for their time so be sure to be prepared by having right insurance coverage. Claim Examples for Software Developer Let's break this down into a real-life example to help you determine if you need Professional Indemnity insurance coverage. A software developer entered into a contract with a client to create a specific kind of software. Maybe they were tired or having a rough time with their personal life, or just didn't have the time and year after the contract was signed they still hadn't completed it, and it had a lot of mistakes. The client declines to take the software at this point and ends up hiring another software developer to complete the software. Since the contract was breached, the client sues and wants to be reimbursed for the entire amount of the contract. The amount of the contract was 800 000 € plus damages for wasted money spent over the two years they were waiting for the software. If this happened to you and you didn't have the Professional Indemnity insurance for software developers, would you be able to pay the settlement? How Much Professional Indemnity Insurance Do I Need? As you can see from the real-life example mentioned above, just one claim can turn out to be very expensive. At the very least Inpro Insurance specialists recommend to carry 1 000 000 € per occurrence and 1 000 000 € to 5 000 000 € per aggregate (policy period). You should also take into account the size of your business. The bigger your business is and the more employees you have, the bigger your exposure to risks. Some other business insurance policies you should think about purchasing include: General Liability insurance Provides coverage for bodily injury and property damage. Some clients will require you to carry it to avoid possible fines. Employers Liability insurance If you have employees you should have a Employers Liability policy to cover if they are injured on the job. Cyber Loss Extention Cyber Loss means any loss, damage, liability, expense, fines or penalties or any other amount directly caused by the use or operation of any Computer System or Computer Network.

As a consultant, you have an important job. At Inpro Insurance, we’re here to help protect it. We offer the wide range of coverages you need to stay successful in your career. In your line of work, one of the most important things to have is Professional Liability Insurance or PI (Professional Indemnity). This will help keep you protected in the professional services you provide. Consultants work hard for their clients, helping companies achieve their business goals. However, during this process, clients may become dissatisfied with their consultant’s performance, resulting in a lawsuit. That’s why having is so important. PI, also called Errors and Omissions insurance (E&O), can help cover claims of: Errors Omissions Negligence Misrepresentation Inaccurate advice Without professional liability insurance for consultants, you and your business assets can be at risk. Consultant insurance is a small expense that can go a long way in helping protect you while providing services to your clients. Do Consultants Need Liability Insurance? If you provide services directly to customers, you should add professional liability insurance coverage to your business consultant insurance plan. If someone sues your business and claims you made a mistake in the services provided, without coverage, you would have to pay legal costs out of pocket. For example, you’re working with a company trying to grow its operations. The strategies you propose don’t work and the company takes a big loss. As a result, they sue your consulting business. Professional liability insurance can help cover your legal fees and costs to defend your business. It can also help pay for settlements and judgments awarded with the lawsuit, if those are not an exclusion in your insurance contract. Different types of consultants can benefit from consultant liability insurance, such as: Business and management Business communications Market research Media Public relations and crisis management Business and leadership coaching Career coaching Corporate training Economic research Expense savings Human resource Organisation structure Wedding No matter how many years of experience you may have as a consultant, mistakes can still happen. This means you face a liability risk at any moment of your workday. Giving the wrong advice can cost clients a lot of money and they can sue you for a mistake. That’s why it’s essential to have professional liability insurance to help protect your business. Risks That Consultants Face by Not Having Professional Liability Insurance (PI) Consultants face many day-to-day risks, but not having professional liability insurance adds an additional risk of lawsuits. Without coverage, you can face expensive attorney fees, Court costs and defense expenses. There are many professional liability risks you face as a consultant. These examples show some of the common ones we cover: Giving bad advice to a client that results in them losing money. For example, if you try to help a client increase their sales but your plan causes them to lose revenue, they can sue you. Not completing a job according to the agreed upon terms. Let's say you own a market research firm. You give your client advice based on research your firm conducted, but it causes them to lose money. Your client sues you after finding out the research was flawed. Forgetting something in the services you provide. If you forgot to do a job that your client expected, they can sue your business. #professionalindemnity #professionalliability

Health Insurance from Morgan Price has been designed to meet the ever changing needs of the clients, expatriates generally, and the conditions in the countries in which clients live. Core elements always being included: • cancer cover • medical emergency benefits • in-patient and day-patient benefits • evacuation and repatriation benefits • chronic conditions • emergency dental treatment You can then select the level of cover that adds other benefits important to you, such as out-patient cover, dental or maternity. We have also included cover for treatment in your home country on all levels (excluding USA nationals) – something which many “expatriate” plans don’t cover. The plan has been designed to cover a very wide range of client requirements from basic level products for clients who live in countries where there is a good state system or who are on a limited budget, to more comprehensive levels of cover for those clients who really want to provide themselves with first class private cover for virtually any eventuality. Evolution Health has also been designed to be simple. The levels of cover increase from Standard to Elite. The rates are the same whether you pay in €/$/£ with the benefits associated with each currency being shown similarly (for example the overall maximum on the Elite level of cover will be £2,000,000 or $2,000,000 or €2,000,000). We really believe that with our combination of levels, currencies and annual excess options, there should be a level of cover under Evolution Health to suit any potential client. Morgan Price was set up to provide top quality international health insurance to expatriates all over the world. That is all we do, and as specialists, with many years experience in this field, we are totally committed to and focused on you, our client. Whether it be medical, travel, accident or any other type of health related insurance, we pride ourselves on being able to provide a solution to your requirements. #morganprice #healthinsurance

Even the best freight forwarders cannot predict accidental damages to the cargo. Freight Forwarders Liability (FFL) Insurance provides coverage against these unforeseen damages or losses. Something that eases the financial strain on the company and reducing the risks involved. With global trade increasing every day, freight forwarders are expanding their network around the world. But, sailing in the uncertain waters comes with a host of possibilities and uncertainties. Having insurance during your operations can become more of a necessity than an option. Especially during unexpected circumstances and accidents leading to damages and financial losses. And for the freight forwarding company, who is liable for the shipment and has to bear the costs in case of any uneventful situations, it is important to keep in mind. That’s where Freight Forwarders Liability Insurance comes in. Here’s everything you need to know about it. The What, Why, and How… What is Freight Forwarders Liability Insurance? Freight forwarders are companies that handle and coordinate the shipment of goods through carriers via sea, air, rail, or road. The FFL insurance is specifically aimed to protect the freight forwarders. Against accidental damages or losses to the cargo until the time it is delivered. This insurance is crucial. It provides financial cover to the companies from the claims made by third parties for the lost shipment. Depending on the terms in the insurance, the FFL Insurance can cater to many. Such as: freight forwarders, non-vessel operating common carriers (NVOCC), haulage companies, warehouse keepers, logistics operators, multimodal transport operators, among others. Why is the Liability Insurance Important for Freight Forwarders? Liability = When a company is legally responsible for something. The freight company is responsible for the goods after it is handed over. The company is then liable for any damages or losses until the shipment is delivered to the receiver. Recently, a cargo ship lost 40 containers due to rough sea conditions off Australia’s east coast. Additional 70+ containers were damaged by heavy rolling due to instability. The key point is that even the best freight forwarders cannot predict accidental damages. There are many ways cargo is damaged – in ways that you wouldn’t have foreseen. Cargo can get damaged due to mishandling, natural calamity, any consequential losses, abandonment, vessel rerouting, late custom release, or even delay in paperwork. The cover for these losses can be fairly high – sometimes, even thousands of dollars! These unexpected damages can be financially heavy on the freight forwarding company. The FFL Insurance comes into play here, thus providing cover insurance for the losses and easing the financial strain. What is Covered in the FFL Insurance? Depending on the insurance company, the FFL Insurance cover: Damage or loss to the cargo during transit, Custom fines and duties (due to errors and omissions) including delays, Third-party liabilities (like legal expenses, mitigation costs, debris removal, etc.), Port authorities for any breach of regulation or duties, Uncollected or abandoned cargo, Financial claims from shippers and receivers, Operational services (like distribution, storage, haulage, packaging, etc.) against fire, explosion, or other natural calamities, Legal protection services to tackle unjustified third-party claims, Coverage for personal injury or employee injury during operations, Damage repair and lost units, Recovery and maintenance costs (full cover), etc. During insurance claim, your underwriter may assess several risk and liability factors, like: Cargo Details (Type of cargo being shipped, the value of goods, how it is packed, reefers or normal containers, etc.) Type of Service (How is the cargo transported, warehousing options, chassis services, etc.) Subcontractors Involved (their credibility, contracts, etc.) Receipt of the Freight (including payments to subcontractors, fines, duties, tax, fiscal charges, etc.) Other Important Documents (mainly Bill of Lading, and any other contract involved) How to Choose the Best Freight Forwarders Liability Insurance? Before you choose a company for insurance, there are a few things that you can keep in mind: 1. Know your exact requirements You need to have complete details about the shipment and your needs, before getting insurance. The insurance depends on the modes of transport being used, risks involved, customs duties, etc. 2. Check the ‘Inclusion’ and ‘Exclusion’ list It is extremely important to know what terms are included in the policy. On the contrary, do ask your insurance provider about what is not covered under the insurance. And whether you can cover that through extra charges. 3. Be assured of the credibility of the insurer The company providing the insurance should be backed by proof and provide credible information. Make sure to check the company and beware of any frauds. If you have any doubts or questions, don’t hesitate to ask the insurer about your concerns. We never know the risks and circumstances that may arise. Having freight forwarders liability insurance is a huge relief by reducing the risks involved and providing loss coverage. #inproinsurance #FFL #liability

Professional indemnity (PI) insurance is a commercial policy designed to protect business owners, freelancers and the self-employed if clients claim a service is inadequate. Any organisation which provides a professional service or gives advice could be sued if the recipient is unhappy with their work. A customer might say you were negligent, delivered the wrong training or made a mistake which cost them money. Professional indemnity cover, also known as professional liability insurance, is designed to safeguard service-based enterprises, come what may. As a professional, you take pride in doing great work, but if disagreements occur, this cover handles the cost of putting things right – including legal fees. What does PI insurance cover? Professional indemnity insurance is often explained in terms of what might go wrong – but what does it cover? Inpro Insurance Brokers can provide by Professional indemnity policies up to 3 million euros for legal fees or compensation costs. If your business makes a costly mistake – or a customer claims it has – then this financial assistance can help you to survive and thrive beyond the court case. Professional indemnity cover also provides industry-specific policies for tailored protection. As your business grows, we’ll help you to cover indemnity risks along the way. Professional liability insurance helps in a wide range of scenarios such as professional negligence claims, data loss claims and allegations you’ve given poor business advice. The primary reason for professional liability coverage is that a typical general liability insurance policy will respond only to a bodily injury, property damage, personal injury or advertising injury claim. Other forms of insurance cover employers, public and product liability. But various professional services and products can give rise to legal claims without causing any of the specific types of harm covered by such policies. Common claims that professional liability insurance covers are negligence, misrepresentation, violation of good faith and fair dealing, and inaccurate advice. Inpro Insurance Brokers samples: IT SECTOR If a software product fails to perform properly, it may not cause physical, personal, or advertising damages, therefore the general liability policy would not be triggered; it may, however, directly cause financial losses which could potentially be attributed to the software developer's misrepresentation of the product capabilities. SECTOR OF DESIGN If a custom-designed product fails without causing damage to person or property other than to the subject product itself, a product liability policy may cover consequential damages such as losses from business interruption, but will generally not cover the cost to redesign, repair or replace the failed product itself. Claims for these losses against the manufacturer may be covered by a professional liability policy. Professional indemnity insurance only covers events which have occurred since you’ve held such a policy. This is called a retroactive date. What is a retroactive date in a professional indemnity policy? A retroactive date is the date from which you have held uninterrupted professional indemnity insurance cover (even if you changed insurer during this time) or a date in the past from which your insurer has agreed to cover you. Any claims that arise from events prior to this date is not covered by your insurance. When should I take out professional indemnity insurance? On the assumption that your business needs PI insurance, that you offer advice or professional services for example, then you should consider buying a policy from the first day you start trading to cover any room for error from day one. When buying a policy, one question you will be asked is from when you want the policy to run. If you have an existing PI policy in place, you should tell the new insurer the date that existing policy started – this becomes the “retroactive date”. The new policy will then start (the “inception date”) and work done before the inception date with the new insurer, all the way back to the retroactive date, will be included. Can you backdate insurance? If you didn’t initially choose to take out PI insurance, but later down the line realise the benefits for your business, it’s not too late to cover previous work done. When taking out your PI policy, you can ask for the policy to be backdated. The underwriter will want to be satisfied that you are not buying the policy with an ulterior motive – for example that if, after a few questions, it seems as if a claim may be coming your way. But if they are satisfied it was really an oversight and (with hindsight) a mistake, you may be offered terms to cover work previously done, with an agreed retroactive date prior to the start date of your new policy – however, you should expect to pay for this. The insurer is taking on additional risk, so this is likely to be reflected in the premium. So, yes retroactive date is a technical term for the industry, but one it’s important for small business owners to understand. Do you know how far back your PI policy covers you for work done? If the answer’s no, you may want to check your policy with your insurer for peace of mind. #professionalindemnity #inproinsurance

Basic Cover (A) INSUREDS LIABILITY (Directors and Officers liability) The Insurer will pay on behalf of the Insured any Loss arising from any Claim first made against them during the Period of Insurance or, if applicable, during any Discovery Period or run-off period, for any Wrongful Act committed by them in the capacity as an Insured. Basic Cover (B) COMPANY REIMBURSEMENT The Insurer will pay on behalf of the Company any Loss which they have indemnified the Insured for arising from any Claim first made against any Insured during the Period of Insurance or, if applicable, during any Discovery Period or run-off period, for any Wrongful Act committed by them in the capacity as an Insured. Insuring Clauses C and D will only be effective if shown as “Covered” in item 5 of the Policy. Additional Cover (A) EMPLOYMENT ENTITY LIABILITY The Insurer will pay on behalf of the Company any Loss arising from any Claim (other than any United States Claim) first made against the Company during the Period of Insurance or, if applicable, during any Discovery Period or runoff period, for any Employment Wrongful Act committed by the Company. Additional Cover (B) ENTITY COVER (Outside entity cover) The Insurer will pay on behalf of the Company any Defence Costs which the Company is legally liable to pay as a result of a Claim (other than any United States Claim or any Securities Claim) first made against the Company during the Period of Insurance or, if applicable, during any Discovery Period or run-off period, for any Wrongful Act committed by the Company. https://en.inpro.ee/directors-and-officers ASSETS AND LIBERTY COSTS INCLUDING EXTRADITION The Insurer will, subject to their prior written consent, pay where permitted by law, the prosecution costs of each Insured to obtain the discharge or revocation of a judicial order first entered during the Period of Insurance imposing: i) a confiscation or suspension or freezing of rights of ownership of real property or personal assets of such Insured; ii) a charge over real property or personal assets of such Insured; iii) temporary or permanent prohibition on such Insured from holding the office, or performing the function, of a director or officer; iv) the restriction of the liberty of such Insured to a specified domestic residence or an official detention; v) the deportation of an Insured following the revocation of otherwise proper and current and valid immigration status for any reason other than the conviction of such Insured of a crime; vi) the extradition of an Insured as a result of any Wrongful Act. MIGRATION COST The Insurer will, subject to their prior written consent, pay on behalf of the Insured and the Company, for advice from a lawyer in regard to the legal position of any Insured during the Period of Insurance in regard to any Claim and any steps that might be taken or are appropriate and necessary to avert or minimise the risk of such Claim. OCCUPATIONAL HEALTH & SAFETY AND CORPORATE MANSLAUGHTER COSTS The Insurer will, subject to their prior written consent, pay Defence Costs on behalf of any Insured, incurred in defending themselves against criminal or regulatory proceedings during the Period of Insurance in respect of any actual or alleged breach of any occupational health and safety laws or regulations or corporate manslaughter legislation.