Professional Indemnity Insurance
What is Professional Indemnity Insurance?
Professional Indemnity Insurance, or professional liability insurance, is a commercial insurance product, which protects against the alleged inadequate provision of advice, designs or services to a client.
It provides cover for legal costs and expenses incurred in the course of defending a claim, as well as any compensation payable to the client.
As an independent commercial insurance broker, we provide impartial advice so you can be confident in securing Professional Indemnity Insurance that meets your needs.
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Why do I need Professional Indemnity cover?
Delivering the best outcomes for your clients will always be your number one priority and you enjoy great client relationships, but sometimes things can go wrong no matter how good your intentions are. Perhaps you lose a client’s data or provide erroneous advice or are alleged to have lost data; these unintentional mistakes or allegations can leave you vulnerable to prosecution which may result in financial loss and reputational damage.
Professional Indemnity Insurance protects you and your business, should you (or a member of your team) make an alleged mistake. If you provide professional services, designs or advice it is definitely something you should consider.
We provide Professional Indemnity Insurance for accountants, scientific and biotechnology researchers, boarding kennel and cattery service providers.
Ask us about Professional Indemnity Insurance today – call us on 01480 272727 or email at firstname.lastname@example.org
Who should have Professional Indemnity Insurance?
For some professions Indemnity Insurance must be in place as part of their industry bodies’ regulatory requirements. These include accountants, chartered surveyors, financial advisers, solicitors, architects and some healthcare professionals.
If you are a consultant offering advice or provide professional contract services, Professional Indemnity Insurance will bring security for both you and your client and is likely to be a factor in securing business. Professional Indemnity gives your clients confidence that in the unlikely event that something goes wrong, they won’t be left high and dry.
Even if you don’t need to have Professional Indemnity in place by law, it’s still a good idea to put adequate cover in place, should the unforeseen occur. A robust policy could save you thousands of pounds in legal fees and compensation, not to mention the time it takes to defend a claim. Having the right Professional Indemnity Insurance policy in place, will bring you peace of mind.
What are the benefits of Professional Indemnity Insurance?
- Peace of mind for you and your clients
- Protection against financial loss in defending a claim
- Allows your business to continue to operate during a claim
- May help to secure business
How much Professional Indemnity cover do I need?
The cover you require will depend on your circumstances and the nature of your business. We work closely with our clients to understand their needs and find a policy that matches from our extensive portfolio of A rated insurers. We are committed to providing exceptional service and will only recommend cover that will best meet your needs – nothing more and nothing less.
How can I buy Professional Indemnity Insurance?
We offer a personal approach to business insurance and can find the right cover for you for a variety of purposes. Professional Indemnity may be just one of a number of insurances you require, so by speaking to our expert advisers we can create a tailored insurance programme to incorporate them all. You can call us on 01480 272727 or send an email to us at email@example.com
If you know the insurance you’re after, you can obtain a quotation in minutes, using our convenient Quote & Buy service.
Click here for Quote & Buy Professional Indemnity Insurance.