How does insurance for translators work?
Simple cover, in plain English to protect you and your business
As a translator, your clients will rely on you for your skills, expertise, and knowledge of language. Even with years of experience, you could still make even the tiniest of errors in translation that could costs one of your client’s money. Should this happen, they may choose to place a claim against you for compensation which could cause substantial financial loss of earnings for your business should you not have adequate cover in place.
With the help of The Insurance Octopus, you will be able to put together a bespoke Translators Insurance policy that includes Professional Indemnity cover to ensure that you are protected whatever may arise. Our personalised business insurance policies are designed to be flexible, giving you the option to add or remove optional covers you may require – providing all of the essential protection in one simple insurance policy.
What your translators insurance policy includes
Professional Indemnity cover for translators
Professional Indemnity insurance is a key element of cover which helps to protect you against risks such as negligence by making a mistake in your work, defamation or breach of data, among others. PI insurance will protect you and/or your business against any financial or trading loss that may be caused. Professional Indemnity cover limits are available from £50,000 to £10m.
Cover for legal expenses
Legal expenses insurance can help cover the cost of legal representation which can be expensive if you do not have cover.
Associated Claims Costs can cover you if a claim needs to be investigated further or there is a need bring in expert witnesses in a court hearing. Additional costs associated with a claim that you would not normally have to pay.
Employers’ Liability insurance cover
Employers’ Liability insurance cover is required by law if you have one or more employees. Standard Employers Liability cover is £10m and will protect you as the employer against claims from your staff should they be injured or become ill because of the work they do for you.
Public Liability cover
Public Liability cover protects you if a customers or a member of the public is injured, or their property is damaged. Public liability insurance protects you against the cost of repairs or any legal proceedings that could be filed against you. Standard levels of cover are available from £1m to £5m, with additional levels of cover available upon request and subject to insurers terms and conditions.
Additional covers available
By having flexibility with your professional indemnity insurance policy from The Insurance Octopus, you can make sure your insurance is just what you will need. We can provide information and quotes for a range of additional covers such as Business Equipment and Personal Accident cover to ensure that your policy protects you and your business fully.
Why you need translators insurance
Your business as a translator or interpreter is built on a foundation of trust and a professional service, which is what your clients will expect from you when they request your language skills and expertise. Unfortunately, mistakes can happen, and if a client of yours believes that a mistake you have made has cost them money, or accuses you of not providing the level of skills and service you promised, then they could make a legal claim against you.
The potential cost to any business in the face of a claim can be high as there are often legal expenses to consider and then compensation costs to pay if a claim against you is successful, both of which could be financially detrimental to your business. The Insurance Octopus works with a wide selection of UK insurers who provide the best choice of PI insurance to ensure you have the cover you need to keep your business operating without worry. It couldn’t be easier to get the cover you need at the right price.
Insurance for translation specialists
We cover a variety of trades and occupations and are experts in providing Professional Indemnity Insurance which means you will get a bespoke policy that ensures you only pay for the cover you need.
Same day cover arranged
In most cases, we can provide you with your business insurance and documents on the same day (subject to time of day restrictions), offering a range of flexible payment options, including Direct Debit. Get in touch with us today for more information.
Why choose us for your Translators Insurance?
We proudly make buying insurance different and our cover comes with a range of benefits.
Up to £5 million of cover
We can't stop accidents from happening but our Professional Indemnity insurance will give you up to £5m worth of cover - with up £5 million worth of public liability insurance cover also included.
Fast specific cover
To help save you both time and money. We compare prices from a range of different insurers so you don’t have to.
Specialists who understand your profession
Connecting you with agents who specialise in your field. They understand many of the challenges you face, & can tailor a policy to your needs.
Easy claims process
Accidents can happen, so when something does go wrong you can rest easy knowing our team is on hand to make the claims process as quick and stress free as possible.
Octopus customer rewards
We pride ourselves on the value we offer our customers, and with Octopus Customer rewards we give our customers a few additional benefits to their insurance such as discounts and offers to save them money.
No mid term fees, ever
We don’t charge any mid-term fees at all during the life of your policy – so there are no hidden fees following any changes you might need to make.