Professional Indemnity Insurance - From Just £a Month. What are the benefits of professional indemnity insurance? How much does professional indemnity insurance cost? Why is professional indemnity insurance important? What is professional indemnity cover?
Defamation and libel. No matter how vigilant you are, mistakes can happen. It can cover legal fees and compensation payments, with the compensation often taking into account the financial loss that the client has suffered. Markel has been providing insurance to SMEs for over years. It protects you and your business should anyone claim that your professional advice has proved negligent, sub-standard or caused harm or damage in some way.
As one of the UK’s largest independently owned brokers we use our enormous buying power to give you access to a panel of leading insurers including exclusive facilities and direct access to Lloyds of London This keeps the quality of your cover high and your premiums. This is just simply not the case, and without specialist advice, and a tailored solution, you could end up in hot water. It’s designed to help respond to claims against your business for losses as a result of actual or alleged negligent acts or omissions in the provision of your professional service or advice. What kind of business needs professional indemnity insurance ? If you’re a company or self-employed person who provides professional services, recommendations or advice, and might be unable to cope with the expense of defending a costly claim, professional indemnity insurance could be an incredibly important investment.
Employee dishonesty is, unfortunately, all too often a factor when companies are defrauded. Protection against the repercussions of such employee crime is available. All practices regulated by the CLC must, as a condition of being license have in place professional indemnity insurance (PII) to indemnify them for any civil liability incurred arising out of regulated services provided. For a professional firm to operate efficiently and with confidence, having the right insurance cover is essential.
We provide a range of solutions designed for provincial chartere certified and management accountancy practices. Our specialists have the experience, knowledge and contacts throughout the market to get you the right cover at a realistic price. This is the most compelling reason to buy professional indemnity insurance. Having professional indemnity cover in place means you don’t have to worry about the financial implications should a client sue you for professional negligence.
Unfortunately, many contractors underestimate this risk. The majority of professional indemnity insurance policies for agricultural consultants are issued on a claims made basis and this has implications that need to be considered when you cease trading, sell your business or retire with a possible run-off insurance requirement. Terms are available for a wide variety of business activities including Architects, Accountants, Estate Agents, Arbitrators, Solicitors, Engineers, Construction Contractors, IT. We are also happy to explore the requirements of new and emerging professions.
Although professional indemnity insurance has traditionally been arranged on a stand-alone basis, we provide an easy solution that allows other types of business protection to be arranged under the same policy. Cyber risks cover is now available as part of this policy. Any non-traditional or regulated profession that advises or performs services for third parties is included in the cover.
It can take years to build a strong professional standing, but an accusation of negligence, professional misconduct, or a breach of your duty of care can destroy it in weeks, or even days. Often these professionals might also need other forms of liability coverage such as general. Even if you’ve done nothing wrong but an accusation is brought up, our policy will keep you fully protected and even absorb the legal fees. Access cost-effective professional indemnity insurance trusted by over 0legal practices across the UK. Speak to our team of solicitors PI specialists and get direct access to a range of A-rated insurers.
Specialist Design and Build sub-contractors. PI Expert is a specialist independent insurance broker. We have access to the whole market, including Lloyds of London and are able to provide professional indemnity insurance quotations for every profession. PI insurance will also cover legal costs. We are able to offer the best cover at competitive premiums from the insurer who offers the most suitable cover for your business.
In designing this solution, we chose to partner with ProAssurance Corporation, one of America’s leading experts in medical professions indemnity.
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