What is professional indemnity insurance?

If you provide expertise, skills, advice or design in a professional capacity, then you should consider professional indemnity insurance. No matter the size of your business, should your work fail to meet your clients' expectations you will be vulnerable to a claim of negligence.

Professional indemnity insurance is there to cover you for the costs of any claims made against you by a company or client for financial losses they have sustained as a result of your work or advice. 

Professional indemnity insurance is a worthy cover to consider as part of your business insurance policy and can help protect your business financially. Contact our team of expert insurance brokers today to discuss your business insurance requirements on 01202 874 989.

What can be covered under professional indemnity insurance?

  • Negligence 
  • Infringement of intellectual property rights 
  • Defamation 
  • Breach of confidence

Allegations, whether fair or not, can be costly and cause serious disruption to your business. Let us provide you with the peace of mind that the right cover is in place in the event of an allegation. Get in touch today to discuss your requirements.

Lansdowne Woodward - Professional Indemnity

Do I need professional indemnity insurance?

Professional indemnity insurance is not a legal requirement for businesses, however, some regulatory bodies have made it compulsory for certain professions, like solicitors and architects. If you are unsure whether or not you require professional indemnity insurance, you should consult your regulator or professional body, or ask our expert team.

Even if professional indemnity insurance is not a compulsory requirement, it is an important cover that should be considered by certain businesses, such as:

  • Tutors
  • Private doctors
  • Contractors
  • Recruiters
  • IT consultants
  • Surveyors
  • Engineers

This is by no means an exhaustive list; there are many other types of business that can benefit from profesisonal liability insurance. As a team of experienced insurance brokers, we help businesses across the country to obtain the best business insurance policy for their requirements, including professional indemnity insurance. Contact us today on 01202 874 989.