If you give advice or offer a professional service, you may need professional indemnity insurance. Indemnity insurance can cover the costs involved with giving wrong, negligent or misleading advice. Even if the mistake was not yours, it can be costly to defend these type of claims.
Common professional indemnity claims are:
- Clients claiming compensation if there’s a mistake in the advice you’ve given.
- You could face claims if you accidentally disclose data or infringe on a client’s legal rights.
- In case you make a mistake in designs, plans or calculations.
Many clients will need you to have professional indemnity insurance in place before you can start working for them.
Insurance Solutions from Gallagher
We have chosen to work with Gallagher, one of the UK's largest insurance brokers. As a broker, Gallagher have access to a panel of insurers plus they provide professional advise and expertise, helping you get the right insurance for your business.
Who needs Professional Indemnity Insurance?
Any business that provides a service or gives advice could need Indemnity insurance the occupations that typically need professional indemnity include;
- Accountants
- Business consultants
- IT consultants
- Engineers
- Architects
- Surveyors
- Media industry professionals