What is Professional Indemnity Insurance?
Professional indemnity insurance is designed to provide cover for businesses that offer professional services or advice to clients. In the event that a client considers your advice to be negligent and the cause of financial loss or reputational damage to their business, they may make a claim against you. Without professional indemnity insurance, you could be exposed to legal costs as well as awards for damages.
As is the case with Public Liability Insurance, clients who work with you may wish to see evidence of your professional indemnity insurance before they employ your professional services.
Who needs Professional Indemnity Insurance?
Professional indemnity insurance could prove invaluable for any business offering professional services. In an increasingly litigious society, you may be sued for negligence when, in fact, you believe you have done nothing wrong. It is often the cost of defending a legal claim in such circumstances that can be crippling.
Circumstances can include breach of care to a service user, loss of data or documents, dishonesty, libel or slander, or unintentional breach of intellectual property rights.
Bollington is able to provide cover for the care sector utilising a number of leading names in insurance, we understand your requirements and can obtain competitive terms on your behalf.
How do I arrange Professional Indemnity Insurance?
Bollington is an award-winning independent insurance broker with wide-ranging experience of providing professional indemnity insurance. It’s easy to arrange cover with us. Simply:
• Call us on 01625 348029 for immediate assistance
• Arrange a call back – and a member of our friendly team will give you a call at a time to suit you