Professional Indemnity Insurance (PII) covers firms if they are alleged to have provided inadequate advice, services or designs that cause your client or another third party to lose money.
The insurance covers legal costs and expenses incurred in your defence, as well as any damages or costs that may be awarded, if you are found to be at fault.
PII is designed for those who provide any kind of service that gives advice or consultation to customers. Very often regulators and professional bodies demand PII; contractual requirements for PII are commonly found with the construction, legal services, and financial services sectors, amongst others.
No matter how large or small a business, without PII cover your financial position could be left vulnerable if a claim is brought against you.
We recognise that the needs of our clients always come first. We have therefore organised our professional indemnity team to provide specialist advice and service to meet our clients' bespoke needs. Our areas of expertise include: accountants; architects, contractors, engineers; healthcare; independent financial advisors; insolvency practitioners; legal & Law professionals.
To obtain a comprehensive quotation for your professional indemnity insurance, download our proposal form today.