Professional Indemnity Insurance
Professional
Indemnity Insurance, also known as PI Insurance or Indemnity Insurance
can help to protect you if a claim is brought against you by a client
due to a problem arising out of the work you have done for them.
There are many
kinds of businesses that take out Professional Indemnity Insurance, these can
include Engineers, Builders, Accountants,
IT Consultants, Journalists, Financial Advisors, Insurance Brokers or
anyone else providing a design or offering professional advice for a
fee.
There are many bespoke policies available for Professional
Indemnity Insurance, please call us to discuss your individual
requirements.
A Professional Indemnity policy offers cover for compensation that you may
need to pay out to correct a mistake. It also covers any legal costs from negligence such as giving incorrect advice or accidentally making a mistake within your
work. PI does not cover fines or compensation you are ordered to pay should you be found guilty of a criminal act by a Court of Law.
Here a couple of claims examples to try and help explain Professional Indemnity further:
If you provide advice, or
are offering a professional service to others, like design work for a fee, then maybe you should consider taking
out some cover. If you are unsure as to whether or not you actually require a Professional Indemnity Insurance policy, or if you simply wish to get an alternative quotation in respect of your forthcoming insurance renewal, please feel free to call us.
Please feel free to download the following Professional Indemnity form if you should require a quote - "PI Quote Form (General)"