| Imagine you working for a high level dignitary, wealthy | | | | intentionally, or mean any harm to your client. However, |
| businessman or a CEO, translating the speeches in | | | | even to prove this you need to fight your just case in |
| different languages. The work is rewarding, unique and | | | | court of law, which can be expensive. |
| extremely vital. Should the meaning of the translated | | | | The translator indemnity insurance covers you from |
| document change or not bring out all the details, there | | | | the undue claims made against you for the mistake |
| can be massive loss to the client. In such a situation | | | | made professionally. In case the claims are justified the |
| many clients can take the translator to court. | | | | insurance company would pay out the amount, if within |
| Compensation claims can be brought up against the | | | | the prescribed limits. Further if the case reaches the |
| translator. In case you are in the business of translation, | | | | court, the legal expenses are covered. Finally, if the |
| you should safeguard yourself against such | | | | award is not in your favor and you have to pay a |
| unexpected financial losses due to the mistake of any | | | | certain amount, it is covered under the insurance |
| employee. Translator indemnity insurance provides the | | | | cover. Therefore, this insurance is like investment |
| peace of mind that will allow you to focus on the | | | | made for the bad times, especially in the professional |
| document rather than about making mistakes. | | | | arena. Most of the professions make it mandatory to |
| When you are dealing with the information from the | | | | have professional indemnity insurance in order to |
| client, involved in the exchange of information and | | | | cover for such risks. |
| handling documents, it is imperative that you have | | | | While taking the translator indemnity insurance you |
| insurance. Translator indemnity insurance gives you the | | | | must disclose all the details about the work you do, the |
| necessary security against acts such as errors, | | | | contract size, the clients etc. Be sure to mention if |
| misjudgments, oversight, while translating the | | | | there were any claims made against you in the past. |
| documents. This insurance also gives protection | | | | The extent of cover and the premiums would depend |
| against the possible loss of documents or data that | | | | upon the information provided. The claims payment |
| you may be handling for the client. In certain cases, | | | | would also be contingent on the information furnished |
| anything that you say or write to the outside world can | | | | at the time of proposal. Make sure that you read the |
| be stretched to being branded as defamation (slander | | | | policy documents of the insurance, especially the |
| and libel). Though you would never do the mistakes | | | | exclusions and the limitations. |