Professional insurance

What is a professional liability? Accidents will happen, but professional liability insurance can help protect you against the consequences. Professional liability insurance in minutes. It can cover legal fees and compensation payments, with the compensation often taking into account the financial loss that the client has suffered. How much professional indemnity insurance will I need?

The size and value of the contracts you take on makes a difference - you’ll want sufficient cover for your average contract value.

You might find your clients request particular insurance , and cover values, in their contract with you. If so, they’ll usually specify a minimum. This insurance protects you and your business from a wide array of potential claims, including negligence, breach of duty, professional error, or professional omission. You might need professional indemnity insurance if your work involves giving advice or services to clients. For instance, you might need a policy if you’re a solicitor, a financial advisor or a consultant.

Compensation can vary significantly, based on the type of claim that’s awarded as well as the severity of the individual circumstance. Indemnity cover, or professional liability insurance , will prevent you from suffering a financial loss when defending or settling the claim. Whatever business you’re in, you work hard to provide the best service you can and that’s what your clients expect.

Through the years, the company has experienced tremendous growth and strong customer retention.

Our philosophy is to put our customers first, build strong relationships and conduct ourselves with professionalism. If you’ve taken the plunge and bought professional indemnity insurance, it’s likely you’ve done it for one simple reason: to protect your business. Protean Investment Risks Limited. Everything you need to know about professional indemnity insurance and our specialist service means you pay less.

Accountants Guide to. Does your small business need professional liability insurance ? When am I covered from? It covers claims made against you by clients who have lost money because of your work.

You may be required to have professional indemnity insurance if you are part of a trade body or subject to industry regulation. This may be the result of your company offering them bad advice, or delivering poor designs and professional services. Graduates and professionals insurance Are you a university graduate and looking to start your exciting new career? Endsleigh will keep you protected every step of the way with their range of insurance solutions for professionals and graduates.

Aviva provides professional indemnity insurance that is designed for businesses who deliver professional services and generate their income from charging a fee for these services. They also provide cover for construction businesses that deliver design and build contracts. For example, if the client believes that following your professional advice caused them to lose money or suffer reputational damage. Registered Office: Eastcheap, London EC3M 1BD.

Howden UK Group Limited is authorised and regulated by the Financial Conduct Authority in respect of general insurance business. Whether you’re a project manager or consultant, PI supports you in two main areas: 1.

Quote and buy online in minutes. Immediate cover and policy download. This insurance policy meets the demands and needs of a Therapist who wishes to ensure that they are covered for the liabilities and eventualities that can occur during the course of their everyday professional activities, designed by Therapists for Therapists.