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:
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 and Private Tutors, Recruitment Professionals, Designers, Fitness Professionals and Dance Teachers.
(Please Note: Covers detailed above are dependent on the policy that you have purchased).
If you have any other requirements or need specialist insurance cover please call us today or contact our underwriters by completing the enquiry form on your right.
IF YOU HAVE ANY OTHER REQUIREMENTS OR NEED PROFESSIONAL INDEMNITY PLEASE FILL IN THE FORM BELOW AND WE WILL BE IN CONTACT WITH YOU SHORTLY:
Alternatively call us today on: 020 8950 0166 and we can discuss your professional indemnity requirements.
Oakwood Insurance is an independent Insurance broker based in Bushey Heath Hertfordshire, with connections countrywide. We specialise in Commercial and Personal Lines Insurance | MORE
If you have an emergency and need to claim please download our EMERGENCY NUMBERS PDF and contact the appropriate claims number listed that relates to your policy provider | MORE
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