Should a CA Buy Professional Indemnity Insurance?
Mint Hyderabad|January 03, 2025
I am a newly qualified chartered accountant. I would like to start my own practice, which would focus on audit and advisory services. Would it make sense for me to buy professional indemnity insurance? How would it help?
Abhishek Bondia

-Name withheld on request

Professional indemnity insurance is meant for professionals like you. The policy is meant to protect the professional from lawsuits due to professional negligence. Claims could come from clients or anyone who acted based on their advice or a published report. Such claims aim to recover financial damages suffered by the complainant. During this litigation process, the professional incurs various costs. In case the court decides against the professional, then the damages awarded by the court would be an additional cost. Both these costs are payable under the policy.

Diese Geschichte stammt aus der January 03, 2025-Ausgabe von Mint Hyderabad.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der January 03, 2025-Ausgabe von Mint Hyderabad.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS MINT HYDERABADAlle anzeigen
Mint Hyderabad

States' Q4 borrowing to rise 18% after Q2 growth slump

Capex boost likely as West Bengal, Maharashtra, Karnataka lead ₹4.73 tn borrowing plan

time-read
3 Minuten  |
January 04, 2025
Mint Hyderabad

Cold wave in North India to boost wheat, mustard crops

The drop in temperature does not bode well for crops like chickpea and potatoes in the plains

time-read
2 Minuten  |
January 04, 2025
Mint Hyderabad

Govt cuts gas allocation for LPG, diverts to city retailers

The government has slashed allocation of natural gas used for liquefied petroleum gas (LPG) production, and diverted the low-priced fuel to city gas retailers like Indraprastha Gas Ltd and Adani-Total Gas Ltd to meet part of their requirement for compressed natural gas (CNG)/piped cooking gas supplies, said an official order.

time-read
1 min  |
January 04, 2025
Mint Hyderabad

Rupee closes at new record low vs dollar

Reports of the central bank selling US dollars supported the rupee at lower levels, traders said

time-read
1 min  |
January 04, 2025
Mint Hyderabad

Existing EV subsidies to stay, no new incentives

Commerce minister Piyush Goyal said on Friday existing subsidies for the electric vehicle (EV) ecosystem will continue for some time, citing broad consensus among the government, auto OEMs, and battery swapping companies that no new incentives or subsidies are required at this stage.

time-read
1 min  |
January 04, 2025
Mint Hyderabad

Pharma Teachers Faking Profiles to Be Blacklisted

Pharmacy Council of India Identified 45,355 Cases of Duplicate Profiles on Digi-Pharmed Portal Using Same Aadhaar and PAN

time-read
1 min  |
January 04, 2025
Mint Hyderabad

India's market cap share globally dips from record highs

India's share in global market capitalization dipped to 4.2% in December from its August peak of 4.6%, as global equity markets faced turbulence, showed an analysis by Motilal Oswal Financial Services Ltd.

time-read
1 min  |
January 04, 2025
Mint Hyderabad

PNG, CNG Consumers to Get Uniform Insurance Cover

Although CNG Users Report More Accidents, Instances of Pipeline Leaks at PNG Households Were Reported

time-read
2 Minuten  |
January 04, 2025
Mint Hyderabad

PM E-Drive e-bus subsidy to be rolled out from March

Govt to initiate bidding process after working out demand via state, city transport utilities

time-read
2 Minuten  |
January 04, 2025
Mint Hyderabad

Biden to Block Sale of US Steel to Nippon

President Joe Biden has decided to block the sale of United States Steel Corp. to Japan's Nippon Steel Corp., according to three people with knowledge of the matter, ending a $14.1 billion deal that has faced months of vocal opposition and raising questions over the future of a US industrial giant.

time-read
1 min  |
January 04, 2025