Everything you need to know about Contractors Liability Insurance
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.
Why is Professional Indemnity, Public Liability & Contractors Liability Insurance so Important?
Without professional indemnity, public liability and contractor’s liability 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.
To help protect our customers against these claims, we offer professional indemnity and contractors liability insurance for not just contractors, but also consultants. We understand that mistakes and misjudgements can happen in the course of business. 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 contractors and consultant’s public liability insurance can be arranged online in a matter of minutes at highly competitive rates. For an instant quote, follow the link today.