Professional Indemnity (or Professional Liability insurance) covers legal costs and expenses incurred in your defense if it is alleged you have provided inadequate advice, services or designs to a client. It also coves any damages of costs awarded to third clients.
You will need this cover if you provide advice, professional services, design or freelance. Examples of occupations who need Professional Indemnity:
- IT consultant
- Personal trainer
- Estate agents
- Teachers or tutors
- Recruitment agents
This type of insurance covers a wide range of scenarios such as:
- Professional negligence-making a mistake in a piece of work for a client or advising them wrongly
- Damage to another companies reputation due to your wrong advice
- Loss of documents or data
- Unintentional breach of confidentiality
- Loss of good or money
Our panel of insures can also cover you liability allowing you to cover all your needs under one policy.
Contact one of our advisers today on 02838 525006 for a quote.