Buying professional indemnity insurance cover is one of the most important decisions that you will make about your business. In a no win no fee world you need to be sure that the professional indemnity insurance cover you buy will protect your business in the event of a claim. With so many different insurers and so many policies to choose from it can be difficult to know what to buy. That’s why many professionals turn to PI Expert to help them find the find the best professional indemnity insurance cover for their business at the best possible price.
At PI expert we are passionate about Professional Indemnity. We look after the Professional Indemnity Insurance for a wide range of businesses – from individuals and small companies to big businesses with multinational operations.
Professional Indemnity Insurance is compulsory for many professional businesses and services such as architects, engineers, brokers, solicitors, independent financial advisers, accountants, computer consultants. You should also consider taking out professional indemnity insurance if your business gives advice or offers a professional service to other businesses.
Professional Indemnity Insurance covers you if you are negligent or make a mistake which causes a client’s business to suffer a financial loss. A Professional Indemnity policy will protect you and your business from the financial consequences of claims arising from errors and omissions, negligence, bad advice, loss of data, breach of copyright, libel and slander as well as the cost of representation at disciplinary tribunals and awards made by ombudsman.
Even if you have done nothing wrong, but a client alleges negligence on your part, you’ll need a Professional Indemnity policy to pay the legal costs of defending yourself or your company.