Professional Indemnity is now a key component to many businesses and their risk management today. In the past, professions such as accountants, architects, solicitors and surveyors were seen as the key areas, but now builders, management consultants, trade associations and a wide range of businesses are seeing this as a core element to their insurance programme.
At a time when business and private individuals are encouraged to sue for damages and with settlements rising all the time, professional indemnity insurance is essential. Even if you are in the ‘right’, the cost of defence can be staggering. This cover will help to cover the cost of defence and awards.
There is much to be sued for today:-
- Negligence - a mistake in advising a client.
- Breaches of confidentiality
- Libel & slander
- Unintentional infringement of intellectual property rights
Professional indemnity insurance is designed to protect you against the cost of fighting such claims.
We have extensive experience in delivering the right cover to suit your needs at competitive premiums. Contact us today and one of our advisers will be happy to review your Professional Indemnity insurance needs and offer you their experience in searching for a competitive quotation.