Professional Indemnity Insurance
Professional Indemnity insurance provides insurance protection for actions taken against a company, partnership or sole-trader, where there is a breach of professional duty, or an alleged loss as a result of an error or omission.
As the provider of professional advice it is essential that consideration be given to purchasing such insurance protection as the ease of litigation in the UK is resulting in an escalation of cases going to the UK Courts where there is an alleged breach of professional duty. Historically the traditional “professions “ such as Lawyers, Accountants and Surveyors have arranged such insurance protection.
However, in recent years there has been a broadening of the range of businesses who can understand the value of such protection against errors and omissions, these include media companies, IT consultants, conference organisers and management consultants.
If expert knowledge, specific skills, or professional services are supplied, it is important to consider professional indemnity insurance to fully protect your interests fully.
We have a wealth of experience in the arranging of bespoke professional indemnity cover for many clients in differing business sectors and would welcome the opportunity to review potential exposures with you.