If you are alleged to have provided inadequate advice, services or designs to a client, Professional indemnity insurance provides cover for the legal costs and expenses in defending the claim, as well as compensation payable to your client to rectify the mistake.

Regardless of how many years experience your firm may have, there is always the possibility you (or one of your team) could make a mistake. Professional indemnity insurance covers against a wide range of scenarios, including:

• Professional negligence (i.e. making a mistake in a piece of work for a client)
• Loss of documents or data
• Unintentional breach of copyright and/or confidentiality
• Defamation and libel
• Loss of goods or money (your own or for which you are responsible

If you provide advice, designs or a service to your clients, you should give serious consideration to Professional indemnity insurance.

While most firms enjoy good relationships with their clients, a mistake in a project can change working dynamics overnight. The chances are that if a client suffers a significant financial loss as a result of your negligence, they are likely to seek recompense. Professions that may need PI cover include Consultants, IT professionals, Teachers Private tutors, Recruitment professionals, Designers, Fitness professionals.

DISCLAIMER

The above is a brief information of the covers available under the Policy. Please request for a copy of the Insurer's Terms and conditions of the policy which shall be binding and considered as final basis for settlement of any dispute