Professional Indemnity Insurance
Professional Indemnity is there protect you against mistakes or if a client makes a complaint about work that you’ve done. The cover pays for legal defence fees, compensation for negligence, additional costs to correct a mistake or reputational damage.
- Professional negligence
- Loss of documents or data
- Defamation libel and slander
- Loss of money or goods
- Copyright and confidentiality breaches
- Cover from £100,000 to £10 million
- Flexible payment options and immediate cover
- Legal helpline
Professional Indemnity is mandatory for some professions and maybe a contractual requirement, but is an important business insurance for those who give advice, provide services, deal with data etc. It also covers you against dishonesty from present or former employees. Accusations of libel and slander or unintentional breaches of confidentiality would also come under Professional Indemnity cover.
The sort of professions who need Professional Indemnity insurance includes: lawyers, accountants, tax advisors, architects, healthcare professionals, designers, engineers, construction tradesmen and any other business that provides professional services to clients. We all work hard at what we do, but seemingly simple mistakes can cost you £1000s and Professional Indemnity protects you from that worry.