Professional Indemnity Insurance provides cover for any business or person providing a professional service or advice. Often shortened to PI Insurance, it helps to protect your business against the often extensive costs of defending and settling claims of professional negligence or dissatisfaction regarding a service you have provided.
PI Insurance arranged through our team at My Business Cover aims to meet the cost of defending claims and any damages payable for liabilities that arise from negligent advice you give, or services you provide, in a professional capacity to your clients, causing a financial loss.
Some professions such as architects and solicitors require Professional Indemnity by law. Others may be requested to hold it in order to obtain contracts with particular companies or organisations. But any business looking to safeguard against claims of dissatisfaction or the cost of putting a mistake right should consider Professional Indemnity Insurance.
The trades that can be covered include accountants, IT consultants, marketing agencies, insurance brokers, recruitment consultants, publishers, financial service providers, landscape architects, interior designers, travel agencies and many more. At My Business Cover we offer a range of industry-specific policies to suit the risks you face in your particular profession.
Your Professional Indemnity Insurance policy can be tailored to suit the needs of your business and make changes at any time, just tell us whenever you want to increase or decrease your limits. Levels of cover start from £50,000.00 and additional covers such as Public and Employers’ Liability can be added along with the ability to add equipment and Business Interruption cover.
