Regardless of your level of experience, mistakes can happen. A simple error in judgment, an unintentional privacy breach, or incorrect advice could leave your business exposed to costly legal action.
If your business faces allegations of professional negligence, misconduct, or breach of duty, the financial and reputational consequences can be significant. Professional Indemnity Insurance helps provide essential protection by covering legal costs and liability claims, allowing you to focus on running your business with confidence.
What does Professional Indemnity Insurance cover?
Professional Indemnity Insurance is designed to protect businesses and individuals who provide professional services or advice, helping to cover legal expenses and potential compensation costs when facing claims of negligence, misconduct, or errors in their services.
A Professional Indemnity Policy will typically cover:
- Legal costs and expenses incurred involved in defending and investigating a Professional Indemnity claim.
- Any damages or settlements required to be paid by the Insured in order to dispose of a Professional Indemnity claim
Do I need Professional Indemnity Insurance?
The most common types of claims lodged against professionals include misleading and deceptive conduct, as well as allegations of professional negligence. Even with the best intentions and expertise, mistakes, misunderstandings, or client disputes can lead to costly legal action.
If you provide advice or professional services in any industry, you run the risk of being sued. Professional Indemnity Insurance helps safeguard your finances and reputation by covering legal expenses and compensation costs, giving you peace of mind in the event a claim is made against you or your employees.
Request a QuoteHow Coverforce can help
Our team of experienced insurance brokers will work hard to deliver expert risk advice, unrivalled service and the placement of a tailored PI insurance policy to protect you and your business.
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 and one of our insurance brokers will get in touch with you within one business day.
Request a Quote
