What does Professional Indemnity Insurance cover?
Professional indemnity insurance will protect you in the event a claim is made by a third-party for financial loss or damages caused as a result of the professional service or advice you provide.
A client may make a claim against you for alleged negligence or breach of duty, claim that you’ve made an error or omission, or that you’ve offered poor advice in your line of work. Even if you have done everything right, the cost of defending these claims can be eyewatering.
Some of the covers that can be included in a professional indemnity insurance policy are:
- Professional negligence or a breach of duty of care
- Negligent misstatement or misrepresentation
- Breach of confidence
- Breach of copyright
- Breach of contract
- Employee cover
- Lost or damaged documents
It’s imperative that your professional indemnity cover is adequate for the level of risk you’re exposed to. Our brokers will help you select the right level of cover, as well as explaining any exclusions that apply so you have complete confidence in the policy we create for you.
As experienced brokers, we take the time to understand your requirements before advising you on the most appropriate products from a selection of top-quality insurers.