Professional Indemnity Insurance
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What is Professional Indemnity Insurance?
Professional indemnity insurance is best suited to certain businesses and particular practitioners. It is not suitable for trade or retail but for professionals. People who are self employed, work for a business or own their own business should consider this type of insurance. It is designed to cover claims of negligence and mistakes made in giving professional advice.
It can cover professionals such as architects, small firms such as accountants and businesses such as consultancies. It can cover self-employed professionals travelling to clients chosen locations and while on client property, which can include private homes. It can also cover office premises and any negligence or mistakes in advice given here and also cover employees from consultancy and management practices conducting business to business practice. These employees are covered both at their own place of practice or offices and also at client’s businesses.
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