Having a professional indemnity policy in place is important for the following reasons:
· Client expectations - There is a growing trend of businesses only employing the services of a professional who carries adequate professional indemnity cover.
· Financial prudence - Professional indemnity insurance can protect your business against compensation sought by a client for your alleged failure to carry out a service or for your actual or alleged negligence. More importantly, professional indemnity insurance provides the legal costs involved in defending such claims.
· Safeguarding your reputation - No one likes to think that they make mistakes but the reality is that we all do. The fallout from a claim being made against you can also be severely damaging to your reputation. In most cases the sooner a claim is dealt with the better the outcome both financially and to your reputation. Professional indemnity insurance means you can respond quickly to any allegations made against you.
Call us today:0345 894 4684
Monday to Friday 9am – 5pm