Why your business needs Professional Indemnity Insurance
Despite your best efforts, mistakes can happen. You may feel confident in the quality of your work, but any business professional is vulnerable to a claim or allegations of negligence when their professional advice or services fail to meet a client’s expectations. A single slip-up could lead to costly compensation as well as legal fees in the event that a client alleges they have suffered a financial loss or damage as a result of your conduct.
Professional indemnity insurance can protect your business from claims arising from your mistakes, errors, omissions, poor conduct or advice.
Your business may require Professional Indemnity insurance if:
- It gives advice to clients and provides a professional service
- It handles confidential information
- It uses copyrighted material or intellectual property belonging to others
- You belong to a professional body where PI insurance is compulsory
- A client insists your business has it before they offer you work
You should take serious note that paying to correct a mistake that you have made or to defend yourself when the quality of your work is questioned could put you out of business.
If a claim for negligence is made against your business, professional indemnity insurance covers your legal defence costs and the cost of compensation you need to pay to put things right up to the level of cover you have chosen.
Why choose The PI Desk for Professional Indemnity Insurance?
We offer a range of industry-specific policies from highly rated companies to suit the risks you face in your profession.
You can choose the limit of indemnity you require to suit your own requirements when purchasing your insurance and you can pay your annual premium by card or alternatively you can pay by interest free instalments.
Our friendly team is always on hand to discuss your particular occupation requirements on 0114 242 1176 and you can be assured of a quick response to any query you make.