Blanket Coverage: How Professional Indemnity Adapts To Your Business
How do you ensure that your insurance coverage is always up to date? Thanks to blanket coverage, you (almost) don't have to do anything. In this article, you'll find out why your Professional Indemnity Insurance is always up to date.
Blanket Coverage
What is blanket coverage?
All activities that generally fall within your job description are automatically insured without having to be listed in the policy conditions. This means that if you expand your business over time and new tasks are added, you do not have to report this change or extend your insurance contract. An activity is only not covered if it is explicitly excluded in the insurance conditions.
For example, you started your own graphic design business ten years ago, set up your own advertising agency a few years later and now want to work as a photographer? All of these professions are covered by your Professional Indemnity Insurance thanks to the blanket coverage.
Overlapping Activities
You also have the option of expanding your business by adding activities from other sectors. Thanks to the blanket coverage, insurance coverage is also guaranteed for overlapping activities. For example, if you work in the IT sector Professional Indemnity also covers professions in areas such as consulting (e.g. strategy consulting or organising training courses) or the media sector (e.g. online marketing, graphic design, advertising).
Newly Created Professions
Job profiles are changing. New activities are emerging as digitalisation progresses. Your Professional Indemnity Insurance automatically adapts and insures new areas that are added through innovations and new specialisations. If you founded an advertising agency in 2009 and have now specialised more and more in SEO over the last five years, you do not need to change your insurance due to the blanket coverage.
Are you wondering whether and when it makes sense to take out Professional Indemnity Insurance? You can find all the answers in this article: Professional Indemnity Insurance: When is the Best Time to Think About Coverage?
Professional Indemnity Insurance: Dealing With New Risks
It’s not only professional profiles that are are changing - the possible risks are changing too. So we continue to expand our insurance conditions for you and ensure that risks that arise over time are covered without additional charges. This is the case, for example, with the use of drones. These aircraft are now used in various areas, such as for video filming.
However, this exali damage event shows that things can go wrong quickly: Drone Crashes over a Car Dealership.
Innovation Clause: Always Up to Date
Our insurance conditions contain a innovation clause. This clause ensures that you always benefit from the latest generation of tariffs with the latest improvements. This means you are always protected in the best possible way and don't have to worry about gaps in your coverage.
Professional Indemnity Insurance through exali: Always Well Insured
If you opt for Professional Indemnity Insurance through exali, you don't have to worry about constantly adjusting your insurance coverage - we take care of that for you! All you have to do is make sure that your sum insured is correct. Insurance policies through exali have a modular structure. This means you can extend your Professional Indemnity Insurance coverage with optional Add-ons. This allows you to protect your business against further sector-specific risks. You can make adjustments at any time.
Do you have questions about our insurance solutions or the right insurance coverage for your business? Then you can reach our customer service team personally and without a call centre from Monday to Friday, 9 a.m. to 6 p.m. (CET) on +49 (0) 821 80 99 46-0. These colleagues are there for you personally and have a direct line to your concerns, wishes and your daily business. This way, we know what moves you and what services should be insured in a good Professional Indemnity Insurance policy.
You can also use the contact form to send us an enquiry.
Vivien Gebhardt is an online editor at exali. She creates content on topics that are of interest to self-employed people, freelancers and entrepreneurs. Her specialties are risks in e-commerce, legal topics and claims that have happened to exali insured freelancers.
She has been a freelance copywriter herself since 2021 and therefore knows from experience what the target group is concerned about.
