In today’s litigious society, professional indemnity claims against companies and individuals for breach of professional duty resulting in a financial loss are becoming more commonplace.
Professional Indemnity Insurance is designed to provide you and your company with financial protection when claims of this nature arise. It will give you peace of mind when providing advice to your clients.
Any company or individual providing professional advice or services can be held liable for financial loss arising from errors or omissions committed by themselves or their employees. A Professional Indemnity policy will insulate you against this financial exposure, even if a claim against you fails in court.
Professional Indemnity insurance can also extend to cover the legal costs you incur in the defence of a claim.
Why might you need Professional Indemnity Insurance?
Increasingly, it is the expectation of clients, shareholders and key stakeholders that professionals will deliver over and above with exceptional service and advice.
This, combined with the litigious nature of modern society sees professionals and company directors progressively being held accountable when they fail to meet expectations. The financial risk exposure to your business could be extensive.
The professional services industry encompasses a broad variety of occupations ranging from event managers and wedding planners to engineering consultants and tax agents.
Insurance covers to address some of your key exposures:
Cover your Professional Advice
Irrespective of the professional service that you specialise in, it is imperative for you to have a suitable insurance solution that protects your assets, your people, and most importantly the future of your business.
No matter your level of experience or how well-intentioned your actions are, there’s always the risk of a misstep. That’s where professional indemnity insurance comes into play, particularly for those offering advice or services in return for payment. That’s where we can help. Contact us for a quote today.
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Providing Professional Indemnity Insurance solutions since 1968
As a long term family-owned business, we understand what it takes to build a great business and we’re passionate about helping protect your business and personal assets. Our expertise covers a broad range of risks and industries, meaning you get the benefit of professional insurance advice, personalised service and solutions for all your agricultural and farm insurance needs.
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