Professional Indemnity - Why Purchase Cover?
Professional Indemnity insurance provides essential financial protection for a wide range of professional advisers. In the event that a client suffers financial loss as a result of alleged neglect, error or omission, Professional Indemnity insurance will typically meet the cost of defending covered claims and any damages arising therefrom subject to policy terms, conditions and limits.
The need for Professional Indemnity insurance has never been greater. Any firm or individual who gives advice, performs design work, or offers similar services in a professional capacity should seek protection against claims brought, not only in its home market, but anywhere in the world where it provides services, or where its customers are based. We know from experience that Professional Indemnity claims, if not insured properly, can threaten the viability of a firm.