Professional Indemnity Insurance
What does Professional Indemnity Insurance cover?
This protects your business against compensation sought by a client if you have made mistakes or are found to have been negligent. Professional indemnity insurance will also cover any legal costs.
Who Needs Professional Indemnity Insurance?
Most professionals carry professional indemnity insurance. The list below shows the professions that commonly require professional indemnity insurance.
Some Real World Claims Examples
1- A building contractor designed and built an archway over a shopping centre. On installation it was found to have a design flaw. The legal costs involved spiralled as the building contractor argued fault in court. The Building contractors Professional indemnity policy covered these costs.
2- A Recruitment agent provides an employee to a company for a specific IT role. The employee turns out to be not qualified and causes the project to be delayed by 2 months incurring further costs. The recruitment agents Professional Indemnity policy would cover these costs.
Indemnity Insurance for Professionals
BJP can provide you with independent advice in relation to Professional Indemnity Insurance. If you are in the business of selling your knowledge or skills, you may want to consider taking out professional indemnity insurance.
BJP are an independent broker. To obtain a quote or to seek advice from one of our insurance advisers about professional indemnity insurance you have three options.
Complete the enquiry form via the get a quote button.
We'll be glad to assist you. You will be contacted within a working day to discuss your requirements.