Professional Indemnity Insurance
Professional indemnity insurance (also known as PI insurance) is an essential cover for consultants who provide advice, design work or any other professional service. This insurance cover will provide protection for your business in the event of claims for professional error, omissions, or professional neglect towards a third party to whom you owe a duty of care. Failing to have professional indemnity insurance will expose you and your company to the risk of being taken to court and sued for a variety of claims such as breach of confidentiality, libel, slander and professional neglect.
Professional indemnity is designed for professionals who sell their knowledge or skills. Many types of occupation are included such as:
- Recruitment Consultants
- Estate Agents
- Accountants
- IT Consultants
- Solicitors
- Engineers
- Architects