Professional Indemnity

If you as a business or individual give advice in return for a fee or provide a service that could lead to a financial loss to your customers, then this cover provides an indemnity to pay those awards and costs.

An allegation that is made by a customer can be extremely costly to defend with legal costs continuing to increase, this policy cover provides an indemnity to cover those defence costs and ultimately a third party award for damages and costs should you be proved to be negligent.

Cover is usually written on a “Claims Made” basis which means that you must maintain cover whilst the business is operating and for several years afterwards, as the insurer who holds your current policy cover will deal with any allegations irrespective of when the work was undertaken.