Professional Indemnity insurance protecting your professionalism?
Professional Indemnity insurance (or PI Insurance) protects your business the financially loss and often reputation damaging claims from dissatisfied clients and suppliers.
Some of the dangers faced by businesses without Professional Indemnity
• Negligence: or breach of duty of care
• Intellectual property: unintentionally infringing on others’ copyrights, trademarks, broadcasting rights, any act of passing off
• Loss of documents/data: damaged, lost or stolen data and documents belonging to your clients
• Dishonesty: liability arising from the theft of your clients’ money
Professional Indemnity insurance protection your business?
It will cover you if you make a mistake in the professional services you have provided that leads to a dispute with a client. If the dispute becomes complicated and nasty, the policy will provide legal cover. Even if you lose, the Professional Indemnity Insurance will cover you for any damages you then become liable for, up to the policy limit
Professional Indemnity Insurance will also cover the cost of rectifying any mistake on your part, thus avoiding a larger claim being made. Fixing a problem before it becomes an even bigger problem is simple common sense.
Businesses are also protected if you lose or damage any clients’ documents in your care or if one of your employees are involved in the theft of a clients’ money.
Compare Professional Indemnity Insurance
Professional indemnity insurance provides valuable cover to any business providing professional advice to clients. Compare quotes quickly online from leading insurers with CompareCrazy.com
