The importance of insurance in our daily lives cannot be ignored. Buying an insurance cover is no longer an option; rather it is one of the bare necessities of life. Insurance pervades in ever sphere of human existence. We can insure everything we want, be it our properties, assets, health, and not to forget our own profession. Just like our other properties, our profession is an asset and perhaps the most important one. It is something that lays down the basic foundation of our existence and is the seed where we reap rewards our all amenities we afford.
We as human beings are susceptible to mistakes. But when it is the question of making mistake in our professional code of conduct, our self confidence gets better of us. We are reluctant to admit that we are capable of making mistakes, intentional or otherwise. And the instances are not rare when our negligence in course of professional service costs the clients financially only to get you bombarded with hefty compensatory claims.
