Start your Professional Indemnity Insurance Quote now
If you or one of your employees were to make a small error when providing advice or a service to a client that costs them money, they could have a legal case against you. Professional indemnity insurance protects your business against this, just in case.
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Professional indemnity insurance covers businesses in the event that the professional service or advice they have provided a client is deemed inadequate.
If a service or professional advice that your business has provided to a client causes problems to the client later on then they may be entitled to bring legal action against your company to claim back the money they have lost.
For example, if a design agency created a billboard advert for a client but used an incorrect contact number on the advert, the client could sue the design agency for professional negligence to cover their loss of income.
Professional indemnity insurance protects against these kinds of situations by helping to cover the cost of compensation or legal fees.
If your business provides professional services, advice or projects to a client then you probably do need professional indemnity insurance. It isn’t a legal requirement but is certainly a necessary precaution as everyone makes mistakes, so it’s a good idea to safeguard against any potential disastrous consequences.
The types of professions and businesses that often require professional indemnity insurance include:
If you aren’t sure whether your business needs this type of insurance, get in touch with one of our experts. They will be happy to advise you on whether your business could benefit from this cover.
The costs will vary depending on the type of business you run or the services and advice you provide, as errors in some industries can be more costly to resolve than in others. The cost will also depend on the size of your company and the risks associated with your business, and possibly some other factors such as your experience and qualifications.
To get a public indemnity insurance quote for your business, get in touch with a member of our friendly team today.
As the director of a start-up marketing agency, I’m too busy to spend a lot of time researching all of the insurance policies we need, let alone finding time to search for the best cover. When I spoke with Gareth, he was incredibly helpful. He explained to me exactly what I need and then found the best policies for the business, its directors and employees. Now I know that the business and its assets are protected, whatever happens. I would highly recommend Gareth, Darren and the rest of his team.