Professional indemnity cover and why you need it
Professional indemnity insurance is no longer just for traditional professionals such as solicitors, architects, accountants or financial advisors. With advances in technology and a shift in the economy from manufacturing-based to services-based business, a whole new market of professionals now need to consider professional indemnity cover.
Professional indemnity is appropriate cover for anyone who gives advice, makes educated recommendations, designs solutions or provides any other professional service. This includes professionals such as those in the advertising and marketing, information technology and consulting fields. Even though you may not be required legally or contractually to hold professional indemnity insurance, it will give you and your business peace of mind.
Proper cover can protect you from claims involving negligence, defamation, intellectual property infringement, loss of data or documents and more. Professional indemnity can also cover defence costs, damages and compensation. In today’s increasingly litigious world, these costs can reach millions of pounds.
Protect yourself, your business and your reputation by contacting Bluefin Professions today for more information about professional indemnity insurance.