Professional Indemnity Insurance

Professional Indemnity Insurance 2017-05-19T18:13:12+00:00
Professional Indemnity Insurance - J M Glendinning Insurance Brokers Leeds Newcastle Scarborough Sheffield

If you provide professional advice as part of your business, Professional Indemnity Insurance can protect you in the event of legal action from a customer.

A customer might pursue you for compensation if they felt that your advice had caused them to suffer financial loss or personal injury. Professional Indemnity Insurance would help to meet the legal costs of defending the claim, as well as the cost of any damage awarded against you in court, or as part of an out-of-court settlement.

What does Professional Indemnity Insurance cover?

Professional Indemnity Insurance covers the advisory part of your role. It is informally known as “errors and omissions” cover. That is because it covers any incorrect advice you give (errors) as well as any key advice you fail to give (omissions). If a customer felt that they had suffered injury or financial loss as a result of an error or omission in the advice that you gave, they may look to take legal action against you. A Professional Indemnity Insurance policy would then help you to defend the claim.

Do I need Professional Indemnity Insurance?

You may need Professional Indemnity Insurance, if most or all of your job involves giving advice to clients. Professionals such as solicitors, surveyors and accountants have bought Professional Indemnity Insurance for many years. More recently, it has become common amongst management consultants, marketing consultants and other professional advisers. As more and more people have started to operate on a freelance basis, there is arguably more potential for compensations claims, so there is now wider availability of Professional Indemnity Insurance.

Why should I deal with JM Glendinning for my Professional Indemnity Insurance?

Because of the nature of Professional Indemnity Insurance, finding the right policy can be complicated. We’ve been established since 1972 and have many years’ experience of arranging Professional Indemnity Insurance for a wide range of professions, as well as helping our clients manage the claims process.

Contact Us for more details

contact us
Call us on 01943 581 449 to discuss your Professional Indemnity Insurance, or contact us through the website and we’ll come back to you.

More of our Business Insurance products