Professional indemnity insurance pays the legal costs and compensation that may fall due if a client takes legal action against you for a mistake made whilst providing professional services, advice or designs.
Without professional indemnity cover in place, you would need to defend any allegations of mistakes from your own resources. Because these mistakes can cost clients time and money, they may choose to take legal action against you to recover their costs. Professional indemnity insurance pays the legal costs in defending yourself, as well as any compensation payments that may be due to your client as a result of your mistake.
Even if you’ve done nothing wrong and a client makes an unwarranted claim against you, it may still cost thousands of pounds to defend yourself. Professional indemnity insurance can cover you against such an instance.
To learn more about how we can help call us on 01633 213063 or email using the form below.