Without professional indemnity insurance companies expose themselves and run the risk of being sued for all sorts of claims.
Indemnity Insurance is compulsory for most professional businesses and
services, these include the traditional professions such as business
consultants, engineers,architects, insurance brokers, solicitors,
independent financial advisers, accountants, computer consultants.
Professional indemnity insurance will
provide protection for your business's interests against claims for
error, omissions, professional neglect for both the principles and
employees of the business.
There are experts/insurance brokers who
can advice you professionally and they know that Professional Indemnity
cover is essential for any business and that it will help to defend you
against claims of loss of client data, documentation or negligence.
A professional indemnity policy may
cover you for areas such as libel and slander, professional neglect,
malicious falsehood, passing off copyrights, breach of confidentiality,
and negligent statement or actions.
In business, mistakes are likely to
happen. Errors can lead to a mountain of legal fees and compensation
fees if someone such as a client suffers a financial loss. Get in touch
for us to refer you to an expert.