CHARTERED ACCOUNTANT INSURANCE
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Chartered Accountant Insurance
These insurance will protect you CA’s from claims made against you all by third parties for financial compensation. The claims may arise from a breach of professional duty.
Even if you have performed your duties efficiently, a lawsuit could take a chaos in your profession. Legal expenses could add up quickly and hinder your services financially. Not to mention, the ongoing court case can disrupt your work and also the revenue model. You can protect yourself by purchasing professional indemnity insurance for chartered accountants.
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Why do I need a Home Insurance?Buying a home insurance in India will provide you financial stability in the event of damage. In exchange for premium, the insurance company gives you assurance that they will take care of any losses like natural calamities, missile test damage, fire, burglary, etc that might occur due to damage to your property.
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For how much time can I take the Policy?From a minimum of 3years to 30years.
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What are the eligibility criteria to buy a home insurance?For Individuals - Any resident Indian who is the owner or occupant of the property For Society - Any authorized member of society's managing committee can buy policy to cover society building & common utilities.
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Does the Insurance Policy covers "Rent Loss"?Yes
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What if I sell the property during the Insured Period?You can cancel the policy and take the proportionate premium back.
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Conclusion
Even if you have performed your duties efficiently, a lawsuit could take a chaos in your profession. Legal expenses could add up quickly and hinder your services financially. Not to mention, the ongoing court case can disrupt your work and also the revenue model. You can protect yourself by purchasing professional indemnity insurance for chartered accountants.