Professional Indemnity Insurance
If you give advice, take ours
If your work involves giving advice to individuals and other businesses, you need to consider taking out professional indemnity insurance. Although not mandatory, professional indemnity cover will protect you up to a specified sum if a client sues you and wins as a result of poor advice you have given which has caused them a financial loss. Typical professions that should have this insurance include lawyers, accountants, financial advisers and most types of consultant. Coversure’s expert staff will identify the most suitable policy for your profession with the right level of indemnity for your needs.
Types of cover available include:
- Breach of duty
- Civil liability
- Breach of a contractual liability that is not caused by negligence
- Contractual liability
- Legal costs.
NB. Professional indemnity policyholders should note that they must inform their insurance company without delay of any potential incident that may give rise to a claim. Failing to do so may affect the insurer’s ability to settle any subsequent claim.
Contact us today to discuss your professional indemnity insurance requirements or to request a quote. Have you considered if you need other commercial insurances such as public liability, property owners or shop insurance? Ask us for advice on which policies you need to fully protect your business.