Professional Indemnity

This policy provides you and your business with protection against claims for financial loss, bodily/personal injury or property damage arising from an act, error or omission in the performance of professional services covered by the policy.

If you’re in any kind of profession that gives advice, design, specification or provides a service, for example: advertising agencies, management consultants or consulting engineers, professional indemnity is a necessity. Your business is your livelihood, so protecting it is paramount.

If an error or omission occurs in the course of your work and that error or omission causes a financial loss or injury to your client or any other third party, then they can claim damages against you, resulting in you incurring potentially debilitating costs (including legal costs) and reputational damage. Potentially a significant disruption to your business.

Professional Indemnity Insurance protects you from bearing the full cost of these claims and disputes, and from the time and resources they consume.

The threat of claims and litigation is very real and can potentially bankrupt businesses, small or large. It may seem like a distant possibility, but legal action often arises from an unforeseen event to completely disrupt businesses.

Cover is usually taken (depending on occupation and requirements) between $1,000,000 and $10,000,000