Liability

Professional Indemnity Insurance

Mistakes can happen from time to time, and without the right cover, these can prove costly. Professional Indemnity Insurance is designed to protect you against the cost of dealing with any claim if you provide advice or a service as part of your business.

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Key policy features

  • Cover for any wrongful advice given to clients, legal fees and compensation. We can cover you for up to £10 million.
  • Flexible payment plans to help you to spread the cost, including flexible payment dates, payment plan options and early settlement options.
  • Tailored policies to suit a wide range of professions.
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Why choose Business Choice Direct?

We cover a wide range of professions across many sectors, whether you are a tutor, consultant, private doctor or a contractor, we can tailor a policy to suit you and your business.

Professional Indemnity Insurance is something your clients will look out for and if you did not have the right cover in place, you could risk losing potential business.

You will be covered for compensation claims and legal fees should your client suffer financial loss due to the service you provided. For example: If you are a consultant and you give incorrect advice which leads to financial loss for your client, then they may be in a position to bring legal action against you.

Your Professional Indemnity Insurance would cover the legal fees as well a compensation that may be awarded.

Workmen

Frequently Asked Questions need some help?

What is Professional Indemnity Insurance?

Professional Indemnity Insurance is an important type of business insurance, designed for businesses that give advice or provide a professional service to clients. It can cover compensation claims if legal action is brought against you by a client for making an error that leads to financial loss.

Why is Professional Indemnity Insurance required?

It provides cover for financial loss caused by wrongful advice or services. If you are providing advice, consultation, or design services it is recommended that you have Professional Indemnity Insurance. You may also be required to hold Professional Indemnity as part of a contract with a principal contractor.

Does a limited company need Professional Indemnity Insurance?

It is not an insurance product required by law and depends on the type of services provided by the company. Professional Indemnity Insurance is prudent when it comes to businesses offering a professional service such as accountants, solicitors, consultants, architects, etc.