Professional indemnity insurance, also known as PI insurance or indemnity insurance, can help protect you if claims are brought against you by a client due to a problem with the work you have done for them.
We are able to arrange professional indemnity insurance which will offer cover for compensation you may need to pay to correct a mistake or cover any legal costs due to negligence, such as giving incorrect advice or making a mistake in your work.
You may need professional indemnity insurance if you:
- provide advice to your clients
- handle data belonging to a client or business
- are responsible for a client’s intellectual property
- provide a professional service and could be challenged on your work.
You may feel confident in the quality of your work, but any small business is vulnerable to a claim of negligence when professional advice or services fail to meet a client’s expectations and cause financial loss.