Page Categories: Insurance

Tuesday 7th May 2024
Is professional indemnity insurance compulsory?

What is professional indemnity insurance? It’s a type of insurance that protects you and your business in the event you are successfully sued by a client because your recommendations, advice, or professional services caused them financial loss. Does my business need professional indemnity insurance? It depends on the type of work you do. If you […]

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Tuesday 7th May 2024
What is professional indemnity insurance?

Is professional indemnity insurance the same as business insurance? ‘Business insurance’ is a general expression, which covers multiple insurance products. These include: employers’ liability insurance public liability insurance professional indemnity insurance Public liability insurance protects your business in the event you are sued by a member of the public for injury or damage caused by […]

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Tuesday 7th May 2024
Who can buy professional indemnity insurance?

Who is professional indemnity insurance for? It is for any business that gives advice to clients, provides professional services, designs, specification advice, or handles client data or intellectual property. In addition to professionals, architects, consultants and accountants, professional indemnity is for designers and – in some cases – builders, tradespeople, and those in the construction […]

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Tuesday 7th May 2024
Who needs professional indemnity insurance?

What is professional indemnity insurance? It protects your business in the event a client suffers financial loss as a result of professional services you provided. This could include: professional advice design advice consultancy work specification advice services where you had access to confidential data. Professional indemnity is not the same as employers’ liability insurance or […]

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Tuesday 7th May 2024
Does professional indemnity insurance cover negligence?

What is professional indemnity insurance? Professional indemnity insurance (PII) protects businesses who provide professional services like design, advice, specifications, and some data services. If a client successfully sues you for financial losses caused as result of a professional service you provided, your insurance will pay the damages and legal fees. Does that mean it covers […]

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