Professional Indemnity cover
If you provide advice to clients, or your skills are provided for a fee, we quote for Professional Indemnity cover.
This insures your business against clients claims for financial loss or damage arising from to an error or omission in the services you have provided to them. Legal costs are also included within the cover. For certain professions such as solicitors, Professional Indemnity cover is compulsory. Other service businesses such as recruitment consultants and estate agencies often choose to protect themselves in this way by taking out PI cover.
Cover tends to be on claims made basis, which means that if your PI cover is allowed to expire, potentially a claim is invalid unless the policy has run-off cover.
For your professional risks quotation call our commercial team on 01323 438843