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Why having a contract isn't enough to protect you
- With Jack
- Contracts lay the foundation of what duties are to be expected of both parties, but insurance steps into action when those duties come into question
- Contracts reduce but don't completely eliminate risk. Contracts can be breached and having a contract doesn’t stop a client from making a legal threat or asking you for compensation
- If you’re unable to complete work, accidentally breach a NDA or delete client data, a client can sue you for breach of contract
- If you’re insured, a legal expert would help you to defend those allegations and enter into negotiations with your client
- Out of the last 5 claims at With Jack, 4 of them had a contract in place. It’s clear that having a contract doesn’t prevent a client from making a claim against you
- The professional indemnity policy has a breach of contract clause, and the legal expenses policy has a contract dispute clause
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By Ashley Baxter- With Jack
- Contracts lay the foundation of what duties are to be expected of both parties, but insurance steps into action when those duties come into question
- Contracts reduce but don't completely eliminate risk. Contracts can be breached and having a contract doesn’t stop a client from making a legal threat or asking you for compensation
- If you’re unable to complete work, accidentally breach a NDA or delete client data, a client can sue you for breach of contract
- If you’re insured, a legal expert would help you to defend those allegations and enter into negotiations with your client
- Out of the last 5 claims at With Jack, 4 of them had a contract in place. It’s clear that having a contract doesn’t prevent a client from making a claim against you
- The professional indemnity policy has a breach of contract clause, and the legal expenses policy has a contract dispute clause