Mandatory professional liability insurance for professionals with the 2011 budget package
The budget 2011 bis, finally approved on 14/09/2011, brings many new features for freelancers. In this article we focus on what is a fundamental but often overlooked: the insurance professional.
Title II of the maneuver (Liberalization, privatization and other measures to encourage the development), Article 3, fifth subparagraph, point (e) establishes an obligation for all professionals to adopt a liability policy for damage resulting from ' exercise of professional activity.
e) to protect the customer, the trader is obliged to take out suitable insurance for the risks of professional activity. The practitioner must make known to the customer, at the time of the assignment, the details of the policy taken out professional liability and its ceiling ....
Until now, although we strongly recommend professional insurance was not mandatory for most professionals. Starting today, we must adapt to the new rules in the time and manner prescribed by the legislature.
Will of course increase costs, but also allow you to get the benefits.
In fact, lately, the engineering profession (like many in our associates we have witnessed), is becoming increasingly complex. Increasingly stringent, more and more projects are difficult to manage, a greater tendency to resort to legal action in the event of problems, in fact, increase the responsibility and the possibility of making mistakes in the conduct of its business.
You can find yourself in situations where you risk unknowingly huge economic damage, even while maintaining a correct and professional. All this can be compounded by the fact that the professional meets with their assets (present and future) for any damage caused.
A professional liability policy can protect themselves from these eventualities.
Due to the demand of several members, the network has been activated in this direction for some time. Thanks iteration with users, we managed to get an overall picture of the situation. This has allowed us to be able to study in time, the solutions are able to better respond to what are the needs of the class.
From the monitoring carried out, it appeared that many do not have professional insurance, also those who have hardly know its content and features. In most (since very alarming), a significant proportion of those who have found themselves in situations in which the insurance had to intervene, they had problems with the company (covers partial, non-intervention, disclaimer, etc.)..
There is therefore seemed only right to try as much as possible, to provide viable alternatives to the problem.
In cooperation with our insurance partners, we analyzed the data, and developed complete solutions, designed specifically for members. The principle on which we have relied is that of simplicity and transparency, providing policies are easy to understand even for non-experts. In addition, with the ability to take advantage of the "economies of scale" guaranteed by the high number of members, the prices are very competitive.
The agreements have been refined over the past few months, ie before the financial maneuver would make mandatory the policy. This allowed us to check conditions very advantageous in favor of the members of the network.
For all those who still do not have insurance coverage, begin to evaluate their characteristics, even now, allow you to make an informed choice and cheaper. Instead, wait time, thus approaching the expiration of the period within which the policies will become compulsory by law, could force you to buy expensive products or inadequate.
For those who are already insured, still recommend that you check carefully the characteristics and costs of the policy, comparing them with those developed by the network.
For more information, connect to the area dedicated to the conventions:
15/09/2011
The Team of ReteIngegneri.it