Professional Indemnity
If your business gives professional advice, or provides professional services to its clients then you may need Professional Indemnity Insurance to protect your business against the cost of defending a claim and any damages awarded to your clients.
Professional Indemnity is suitable for the following professions:
- Bookkeepers / accountants
- Management consultants / business advisors
- IT consultants / computer hardware consultants
- Translation / publishing businesses
- And any type of consultancy or advice driven business
The following benefits arise with Professional Indemnity cover:
- Customer Assurance - although Professional Indemnity Insurance is not normally compulsory except for certain professions such as Accountants, small businesses can often find that customers are not happy dealing with them unless they have sufficient financial protection.
- Less worry, more enterprise - worrying about tiny mistakes can hamper growth. With insurance in place, you can afford to be more enterprising with your business.
- No legal costs - should the worst happen and a client makes a successful claim against you, it is reassuring to know that the amount awarded is covered and also so are all associated legal costs.
- Claims expertise - most insurers will appoint specialist defence solicitors to defend any claims against your business. This is a significant resource, on your side, in the event of a claim.
Comparison quotes are provided by Norwich Union, Zurich, AXA, Groupama, Glenham Underwriting Limited and other partners and are powered by Simply Business. All companies are authorised and regulated by the Financial Services Authority.
