In a nutshell, anyone in business needs Professional Indemnity Insurance. No matter what kind of business you’re in, and no matter how good you are at your job or how many years you’ve been providing a sterling and faultless service, mistakes can still be made by any one of your employees at any time, and all it takes is one disgruntled client and one unforeseen court case, and your business could be left in ruins.Professional Indemnity Insurance covers you against a wide range of potentially damaging scenarios, including but not limited to the following:
If you’re unsure whether Professional Indemnity Insurance is necessary for your line of work, consult the guidelines of your professional body regulator, as well as your client contracts.
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