Professional Indemnity Insurance is a type of cover that protects you when your customer may believe that you have given them bad advice or has led to accidental mistakes.
Professional Indemnity Insurance is usually taken out by:
- Accountants
- Solicitors and lawyers
- Architects
- Engineers
- Marketing Consultants and Agencies
- Surveyors
- Contractors
- Builders
- Financial consultants
- IT consultants
- Healthcare professionals
A professional indemnity policy can protect an individual (e.g. sole traders and freelancers) or a company – it is a policy that protects a person or group of people against claims of incorrect advice.
Claims against you for previous work
Often something that business owners may not think about, customers can put claims against you for previous work. A good professional indemnity insurance policy can protect you not only for claims during the term of your current policy but also claims against you for previous work.
It’s important to ensure that you have the right level of cover depending on your business requirements. Knowing what level of cover can be tricky, therefore that’s why our experienced team will take the time to learn about your business and find an insurance solution tailored to your needs.
