We believe that no matter what industry you’re in, having the right kind of insurance is crucial for safeguarding your business. Professional Indemnity insurance, also known as Professional Liability insurance, provides financial support for private contractors and consultants in situations involving a claim for damages due to professional negligence.
If your business provides clients with expert advice, that they may base important decisions on, you have potential liability for the quality of that advice. If something goes wrong because you’ve made an error in judgement or a mistake, even a small one, a client may seek legal compensation from you for the full amount of any financial loss they have suffered.
Without Professional Indemnity insurance, a claim for damages against your business could result in extreme loss, not only for your business, but your personal assets could also be at risk. If you become responsible for a delay in projects, or cause major sale opportunities to be missed, you may be liable for an extremely large compensation award, plus the legal costs too.
Which is why we offer Professional Indemnity insurance, because we understand that mistakes and misjudgements happen. If you have this protection, you will be prepared to meet the costs of damaging claims, helping to avoid what could be a very costly mistake.
Our PI insurance for contractors and consultants can be arranged online in a matter of minutes at highly competitive rates. For an instant quote, follow the link today.