Fewer than five percent of insurance claims arise as a result of reputational damage; for example where the business’ reputation has been affected by someone saying slanderous things to customers or clients. 
 
However, despite being one of the least frequently occurring claims, reputational damage tends to be one of the most sizeable in cost terms. 
 
Defamation is split into two legal bases that a person can sue for: slander and libel. Slander is defamation of a person through a transient form of communication, generally speech. Libel is defamation of a person through a permanent form of communication, mostly the written word. 
 
However, defamation is not limited to linguistic forms; visual forms such as photographs, paintings, illustrations, status and bodily gestures can also be regarded as defamatory. 
 
Any business providing professional services to its clients is wise to take out Professional Indemnity Insurance
 
If you are not sure about your commercial insurance policies, please call HI Commercial on 01482 247477 for peace of mind that you will be protected at all costs. At your service, at your side – commercial insurance with a personal touch. 
Tagged as: defamation, libel, slander
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