As a professional, you will be exposing yourself to the risk of being sued for failing to perform your duties. Such claims may be genuine but you also need to be able to defend a claim that has no foundation. Professional indemnity insurance will cover defence costs and the compensation you may need to pay to correct a mistake due to negligence, such as giving incorrect advice or making a mistake in your work.
Professional Indemnity Insurance is compulsory for many professional service providers, but you should also consider it if you:
- give 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
We can arrange competitively priced insurance for many types of business including the following:
- Business Consultants
- Insurance Brokers
- Independent Financial Advisors
- Computer Consultants
- Other Professionals
Get the right protection for your needs. There are many profession specific policies that are designed to cover the risks you face in your industry. Whilst it is possible to purchase this type of insurance over the internet, how confident can you be that it is right for your needs if the person you are speaking to has never met you? This is why it is important to deal with a local insurance broker.
Andrew Phillips Insurance has a real understanding of the issues you may face. We aim to visit each client to make sure that we understand their requirements in detail. For your peace of mind, you will be dealing with a company that has experience of dealing with professionals.
For more details on how we can help protect your business, call us TODAY on 01527 834696 or CLICK HERE. We will be glad to help!