What is Professional Indemnity Insurance?

Professional Indemnity Insurance protects your business against errors in the advice, design, consultancy, opinion or analysis of the professional service that your company provides.

If one of your customers suffers a financial loss due to incorrect advice, they can sue you for a breach of contract or for damages arising due to negligence.

Why do I need Professional Indemnity?

If your business is based around providing a service, then you need Professional Indemnity Insurance. If you required legal representation and other experts to defend a lawsuit it is likely to be expensive, whether or not the claim has any merit. If a claim is upheld and substantial damages have to be paid the effect on your business may be serious.

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Contact us to let us know more about your business, so that we can assess what policies you actually need and customise the best insurance package to protect your business.

 

The material contained on this website is provided for general information purposes only and does not constitute legal or other professional advice. Brave Day Limited does not accept any responsibility for any loss which may arise from reliance on information contained on this site.

 

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