To protect your interests if you are ever accused of having provided incorrect advice or inadequate professional services to a client, you need to have Professional Indemnity Insurance in place. Also known as Professional Liability Insurance, Professional Indemnity Insurance will cover the legal costs and expenses you incur whilst defending the claim. It will also cover you in case compensation is deemed payable to your client if you lose your case.

We also provide bespoke and reassuring insurance cover services for:

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:

  • Professional negligence (for example, making a simple mistake in the design or creation of a piece of work or product for a client)
  • Loss of documentation or digital data
  • Inadvertent breaches of copyright or of confidentiality
  • Unintentional defamation and libel of another company
  • Loss of money or goods (either your own or those belonging to someone else but for which you have responsibility)

Is it mandatory to have Professional Indemnity Insurance?

Professional Indemnity Insurance is required by the regulators of various professional bodies, meaning that effectively it is mandatory for certain professions. These include: solicitors, architects, accountants, surveyors, engineering companies, financial advisers and also some healthcare professionals. It also includes many professionals that work on a contract basis, such as IT contractors, business consultants and management consultants.

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.

Peace of Mind

It’s important to remember though, that even if you’re not legally obliged to take out Professional Indemnity Insurance, it’s still worth doing for peace of mind alone. Without it, you could find yourself having to pay out tens of thousands of pounds in compensation payments and legal fees in defence of a claim that comes out of nowhere. Not to mention all of the time that’s wasted in pursuing these avenues, and all of the stress that comes with such a case. Generally speaking, any business that provides any designs, advice or indeed any kind of service would be well advised to take out Professional Indemnity Insurance.

Professional indemnity insurance is too important to leave to chance.

Contact us today for more information and a free quote.

Call: 0121 796 0123