If your business provides advice, then professional indemnity insurance (PI) is a must-have cover to ensure peace of mind. Whether you’re a financial advisor, lawyer, accountant, an architect or a consultant giving any sort of professional advice to clients, then PI can protect you from the costs of legal action if your advice causes financial loss.
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If you offer professional (i.e. paid) advice, then professional indemnity cover can help indemnify you against any legal expenses and compensation pay-outs should you be sued over the quality of advice you have given.
PI claims could lead to large costs – ones that could mean the end of your business. Such is the growing threat from claims that over the past 5 years that, according to the ABI, there has been a surge of small businesses and self-employed consultants taking out a policy.
Essentially, professional indemnity is a safety net to the guidance you provide and can cover specific potential challenges such as:
Given the nature of the policy, professional indemnity insurance can cover almost any profession that gives advice. We tend to recommend the policy to:
Professional indemnity is an important, complex cover and you need to get the right advice to get the right protection. With Coversure you can enjoy the perfect combination of local, independent advice and access to the highest-quality insurance policies.
With over 90 offices across the UK, great value protection is never too far away. With Coversure you get an award-winning combination of high-quality covers, supplied by some of the UK's largest insurers, and dedicated customer service supplied by a local, independent broker. With privileged access to insurers such as Aviva, Covea, RSA, with Coversure you can get the best from the best at a competitive premium. Little wonder then that over 97%* of our customers are either very satisfied or satisfied with our service.
*Ratings based on Coversure's 2016 Customer Survey.
Coversure's offices have years of experience in providing great value insurance. So why not get in touch with your local Coversure office today. They will be more than happy to assist you with finding the cover you need for an affordable premium.