Regardless of your level of experience, mistakes can happen. You may unintentially breach privacy, make an error of judgement or provide incorrect advice.
In the unfortunate event that your business faces allegations of negligence or instances of professional malpractice, the financial penalties and reputational damage can be significant no matter what size your business is.
That's why our experienced insurance brokers will work hard to deliver expert risk advice, unrivalled service and the placement of a smart, tailor-made Professional Indemnity policy to protect you and your business should something unexpected happen.
What is Professional Indemnity Insurance
Professional Indemnity Insurance protects your business from the legal costs and claims for liabilities associated with allegations of negligence, professional misconduct, breach of duty or incorrect advice that you provide to a third party.
Do I need Professional Indemnity Insurance?
If you are a professional, across any industry, that gives advice or provides a service for work you run the risk of being sued.
Having indemnity cover for your business will safeguard your finances and reputation, giving you piece of mind in the unfortunate event a claim is made against you or one of your employees.
What does this Insurance cover?
A Professional Indemnity Policy will typically cover:
- Legal costs incurred in the defence and investigation of a Professional Indemnity claim
- Any compensation required to be paid by the Insured in order to dispose of a Professional Indemnity claim
- The most common types of claims lodged against professionals include misleading and deceptive conduct and allegations of professional negligence.
For more information or to arrange Professional Indemnity Cover, please contact our specialised team at our Coverforce Office.
Alternatively, you can simply fill out a Professional Indemnity Insurance Quote Form below and one of our insurance brokers will get in touch with you within one business day.