As the preferred insurance provider for the Institute of Agricultural Secretaries and Administrators (IAgSA), we understand that high standards of professional conduct are essential to ensure you feel comfortable that your operations are well protected.
Whether you delegate important tasks to an external professional or employ a full-time secretary for your rural business – such as the work of someone who manages the accounts, registers calves, and handles new business software – adequate cover is essential.
Farm secretaries, bookkeepers and insurance brokers work behind the scenes to ensure your business is compliant, your employees are paid, your livestock is accounted for, and your operations are fully functioning and well protected. But what is protecting them?
Handling outgoings and incomings, and working within the strict boundaries of regulators comes, with its own professional risks. An error on a spreadsheet can equate to a costly miscommunication further down the line, and a missed gun licence renewal could land an owner in serious trouble.
So what is the answer? Professional indemnity insurance (PI) is designed to cover the responsibilities of those handling accounts, applications and keeping records, to ensure that if or when an error occurs, it can be managed financially.
PI insurance can cover breach of data, loss of documents, defamation, errors and omissions, and other pertinent features. It can also cover the costs of bringing in legal professionals at times when they might be needed, regardless of the case outcome.
If you are unsure as to whether PI insurance is included as part of your rural policy or want to know more about your liability in relation to third party services working on your behalf, speak to our team at McClarrons.
Contact Michelle or Zoe by calling on 01653 697055 or by emailing farm@networkportfolio.co.uk/mcclarroninsurance.com.
Alternatively, to find out more about our rural offering, click here.
