Professional Indemnity Insurance protects your business from claims made by your clients and customers against you as a result of the advice that you provide them. If your business provides advice or service for a fee then you will be deemed to be providing a professional service.
Public Liability Insurance policies do not extend to cover claims arising from services provided for a fee so it's crucial you protect your business with Professional Indemnity Insurance.
If you provide advice or deliver a service for a fee then you should strongly consider Professional Indemnity Insurance.
The type of industries who require professional indemnity insurance is very broad and can include consultants, accountants and lawyers through to architects, building surveyors and beauticians. Trades such as plumbers, roofers and electricians are increasingly requiring professional indemnity insurance for provision of reports advising on the condition of a property.
It is crucial you protect your business against the financial cost of any claim and in particular the legal costs to defend any claim made against your business.
Professional Indemnity Insurance covers your business for your financial loss resulting from a professional liability claim. This can include claims for:
Professional Indemnity Insurance provides broad protection for your business in the event of a professional liablity claim.
Professional Indemnity insurance does not cover:
In today's fast-paced and increasingly litigious world, the importance of investing in professional indemnity insurance cannot be overstated. Here are some compelling reasons why:
Professional Indemnity insurance is not just a safety net - it's a critical tool for risk management in the modern business environment. As the boundaries of responsibility and liability continue to expand, the importance of having robust Professional Indemnity insurance in place becomes even more paramount.
To get a quote that provides you with the right cover it's important you speak with a Professional Indemnity Insurance expert who can advise you on the type of Professional Indemnity Insurance that is right for you.