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Professional indemnity insurance is a form of commercial insurance that protects professionals from financial loss or costs that arise from their work. The most common scenario for this type of insurance is when a company hires an outside contractor.
If an asset is insured for less than its true value it is known to be under insured.
A waiver of premium is a service that provides customers not to pay premiums during a period of disability.
The Insurance cost depends on what plan the customer selected.
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