Professional indemnity insurance covers legal costs, expenses and awarded damages which you may incur in defence of a claim alleging that you have provided poor advice, services or designs that cause your client to suffer a loss.
A small mistake can have a big impact on your work, reputation and bank balance. Protect yourself & your business with our professional indemnity insurance. Our hassle-free protection for freelancers, contractors, sole traders and limited companies with high-quality advice,as well as a no-obligation free quote service.
Professional indemnity insurance is not a legal requirement, however, without it, you risk you and your business potentially having to pay out huge sums to successful claimants. The benefits of having our cover are as follows:
Explore the benefits of our professional indemnity insurance package today:
Your professional indemnity insurance can offer you protection (if a claim is made against you) in the following situations:
Professional indemnity insurance should be a priority if your business provides services, advice and consultancy to clients
Public liability insurance covers claims of injury, illness or property damage by a members of the public while professional indemnity insurance protects your business against claims made by clients relating to a service or advice that you provided to them.
While professional indemnity cover protects you against claims made by clients relating to damages caused by the use of your service or your advice, it does not cover reputational damage caused.
Professional indemnity insurance premiums are usually dependent on how often your company has been involved in a legal battle and how large the business is.
You may choose when you wish the cover to begin or it will automatically start when you take out the policy.
You can pay your premiums either monthly or annually depending on what suits you best.
Professional indemnity cover is not a legal requirement however it is extremely useful to businesses who provide a service or advice to clients
Professional Indemnity policies are tax deductible. When tabulating your tax return, your premium is treated as expense in the company’s Notice of Assessment submission