Professional Indemnity Insurance provides essential financial protection for a wide range of professional advisers.
In the event that a client suffers financial loss as a result of alleged neglect, error or omission, Professional Indemnity Insurance will meet the cost of defending claims and any damages payable.
Any person who gives advice, designs, or offers similar services in a professional capacity and is seen by clients as an expert would require Professional Indemnity. In these times of increased consumer awareness, some clients may not hesitate to pursue a claim if they feel that they have received sub-standard service. The need for Professional Indemnity Insurance has never been greater.
While some professional people see Professional Indemnity Insurance as an expensive and unnecessary overhead, we know from experience that any professional negligence can produce substantial claims. Court awards have risen sharply in recent years and without insurance, the financial security of a business is threatened