Professional Indemnity Insurance

Professional Indemnity Insurance
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Professional indemnity insurance covers you against any compensation claims from clients should you make a mistake in the course of your business or are found to be negligent. Professional indemnity insurance is mainly for those who sell their expertise or skills, such as consultants. As well as covering the compensation itself, the insurance will also cover any legal costs resulting from the legal claim.

Many different companies and individuals carry professional indemnity cover. Lawyers, accountants and financial advisors are required to have it. It is important to hold the cover both during your business and for a period after, as in many cases the time between a mistake and a compensation claim can be a number of years.

When purchasing professional indemnity insurance, it is important to ensure you are both completely insured and are dealing with a reliable, expert company. Advice should be taken when needed, and due to the niche status of professional indemnity insurance in the insurance market a consulting a specialist insurance broker is very important.

For Free Quotes and Advice on all types of Business Insurance Please Call: 0800 2948 511