Professional indemnity insurance covers risks such as negligence, intellectual property infringement, defamation and breach of confidence.
Professional indemnity insurance is designed to help protect you against the cost of settling or defending a client’s claim that there is a problem with the work that you have carried out.
It is critical that you have the right amount of cover for your business.
What protection is available?
When purchasing professional indemnity insurance you may want to consider:
Any contractual requirements for PI cover
The size of your clients and the projects you work on
The potential cost of legal defence fees if it came to the worst
The maximum compensation that could be awarded against you
You can find out all about our arrangement for the Expert Witness Institute professional indemnity here