Professional indemnity protects companies against the financial consequences of mistakes, negligence and breaches of professional duty by their employees.
In today’s litigious world, the potential consequences of making a mistake or not giving appropriate advice are considerable. A professional indemnity insurance policy can mitigate this exposure and provide peace of mind to professionals carrying out their business activities.
Professional Indemnity Insurance is mandatory for some professions such as Solicitors, Accountants and in the Construction Sector.
Professional Indemnity Insurance also covers legal costs and expenses incurred in defending a claim and these can be substantial.
So do your clients offer any form of professional advice? If so, they need to purchase Professional Indemnity Insurance
For further information please contact one of our team.