Professional Indemnity Insurance
Anyone can make a mistake – but if your business is found liable for negligence, the costs can be financially devastating.
Not only can it lead to an expensive lawsuit, but your business’ hard-earned reputation may be damaged as a result. That’s why professional indemnity insurance matters – for help protecting your assets and brand if your advice causes a client to take legal action against you.
Professional indemnity insurance can help protecting your assets and brand if your advice causes a client to take legal action against you.
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Mistakes happen, but the costs can be financially devastating.
PI Insurance is mostly designed for the professional providing advice or service.PI insurance is compulsory for some industries, such as medicine, accounting, law and financial advisers, subject to change from different states. It is recommended for anyone who is providing services or advice, regardless of your legal obligation. | Professional indemnity insurance may cover:Civil liability - third party arising out of the conduct of their professional business. Defense costs - involved in defending a claim triggered by the policy. Fidelity cover - financial loss of the business caused by the dishonest or fraudulent conduct of an employee. |