Professional Indemnity Insurance
Professional Indemnity insurance, also known as Professional Liability insurance or Errors and Omissions cover, protects businesses that provide advice or services for a fee.
This covers claims brought against a company (or its employees) which arise out of the professional services, advice or design provided to a third party for a fee.
Professional Indemnity Insurance (PI) is necessary to assist with any legal costs and claims arising from mistakes – be it something you did, something you didn’t do or a breach of professional duty in the course of your business with a client.
Who needs professional indemnity?
You are likely to need professional indemnity insurance if: You provide advice or professional services to your clients (including consulting or contracting) You provide designs to your clients (such as working as an architect or design engineer
At Integrated Insurance Solutions, we work closely with our clients to minimise their exposure to the risks facing their specific business.
Our experienced team have for many years successfully provided Professional Indemnity (PI) insurance to key professions.
We work with our clients to arrange cover for your specific needs, backed up by the highest levels of claims support.
Covers that are typically included
- Legal costs incurred in the defence and investigation of a PI claim.
- Compensation required to be paid to dispose of a PI claim.
- Claims made against you by employees.