If you are alleged to have provided inadequate advice, services or designs to a client, professional indemnity insurance provides cover for the legal costs and expenses in defending the claim, as well as compensation payable to your client to rectify the mistake. Regardless of how many years’ experience your firm may have, there is always the possibility you (or one of your team) could make a mistake.

Professional indemnity insurance covers against a wide range of scenarios, including:

If you provide advice, designs or a service to your clients, you should give serious consideration to professional indemnity insurance.   No matter how large or small a business, without PI cover your financial position could be left vulnerable if a claim is brought against you. Although most professionals strive to provide the best service possible, people do make mistakes; knowing that adequate insurance is in place will give you peace of mind that your organisation is covered.