Professional indemnity insurance, sometimes known as professional liability insurance, is a business policy which is designed to protect against claims for omissions, errors or inadequate professional service.

This type of cover protects against the costs of being sued for claims of negligence, error or omissions.  It is particularly required by businesses which provide professional services or offer advice, such as architects, surveyors, business coaches, marketing consultants and insurance brokers.

This cover is often required by clients who need reassurance that they are covered in the event that the services they receive are not of the required quality. It may be a requirement of the contract of work, that your business has adequate cover in place.

Disagreements about the quality and consequences of professional advice and services can be costly, and professional indemnity provides cover against claims, as well as the associated legal costs.

Disputes can often take many months if not years to resolve, and professional indemnity insurance provides peace of mind that you are protected from claims that would otherwise damage the financial stability of your business.

So, it’s imperative that you consider professional indemnity insurance, to protect yourself from the risks, and high costs, of being sued. Policies can provide for up to £10 million of professional indemnity cover.

Professional indemnity insurance can cover a range of risks, such as professional negligence, data loss, quality of advice and intellectual property. An experienced broker can help you to determine the type of cover you need.

At Andrew Bull Insurance Services, we are experts in professional indemnity cover and can help you to find the type and level of cover that you need for your business. We can also help provide additional cover as the nature and needs of your business change.

As brokers, we can access products that are available only to brokers, which can improve your choice of insurance.