What is Professional Indemnity Insurance

Being a new business or sole trader is a difficult step into the sector you’re trying to break into. Not only do you need to focus on the sector and how to stand out, but also the logistics behind any stable business. Insurance is a vital part of running a smooth business to prevent any disaster escalating to a point where it harms the business.

Professional indemnity insurance is an option for contractors, freelancers and small business to ensure their business can operate during any unforeseen circumstances that could end badly.

What is it?

If you offer a professional service to a client or customer, then you can have professional indemnity insurance. It’s a vital asset to have to protect your business regardless of size and status, if your client was to raise an issue with a breach of contract, non-performance or professional negligence than your PII insurance will help …

How Does Transfer of Equity Work?

It can already be a stressful time when it comes to moving house, on top of that mortgage/property jargon can be a bit of a handful too. In the process of changing house there’s a process called ‘Transfer of Equity’, and this will be the process you reach down the line when you’re now looking to move over the ownership of your property. If you’re struggling to understand this concept, we’ve looked to make the process simple for you as we take you through a guide below of the in’s and out’s in Transfer of Equity.

First of all, what exactly is Transfer of Equity?

Transfer of Equity is the process to change the ownership of your property making sure that at least one of the original owners remains on the property ownership. For example, it could be a case that a married couple who originally bought the property have …