Professional indemnity insurance will protect you if legal action is taken against you by a client claiming to have suffered a loss as a result of advice you have given in a professional capacity.
Do you give advice or offer consultancy services in a professional capacity? Are you considered to be an expert by your clients? If so, you may require professional indemnity insurance to protect you.
In today’s increasingly litigious society, many clients will not hesitate to sue you if they believe that they have suffered a loss as a result of poor advice you have provided. Even the most reputable companies can find themselves in dispute with a client over a mistake, and you cannot afford to take any chances with a business you have worked hard to build.
Typically, professionals such as architects, surveyors, engineers and construction contractors should take out professional indemnity, although the increasing use of external consultants means that all businesses should consider the risks they face.
Typical scenarios that could give rise to a claim, depending on the nature of your business, include: negligence or duty of care; infringement of copyright and intellectual property rights; libel and slander; loss of or damage to documents or data belonging to your clients; dishonest of your employees.
We are experienced in arranging professional indemnity insurance for all types of business and can also advise on such areas as director’s and officer’s liability; public, product and employer’s liability.
To discuss your requirements, please call our Commercial Team on 01992 703001.