Professional Indemnity Insurance, UK and Worldwide
Professional Insurance Agents is a market leading, specialist professional indemnity insurance broker, established for over 10 years. Our PI insurance expertise and commitment to helping our clients manage their risks is evident in every aspect of our business.
Professional Indemnity Insurance is important for any company, organisation, consultant or contractor that gives advice or provides services in a professional capacity. In today's competitive, fast moving commercial environment the potential for errors in the performance of services - alleged or actual - is all too real. Dissatisfied customers increasingly sue when things go wrong and the financial ramifications of this can be severe.
Why do you need Professional Indemnity Insurance?
Without PI insurance, you run the risk of being exposed to many liabilities such as:
- Libel and slander
- Loss of data or documents
- Malicious falsehood
- False attribution of authorship
- Passing off copyright or trademarks
- Infringment of intellectual property rights
- Breach of confidentiality
- Breach of normal rights
- and more...
Providing invaluable financial protection and peace of mind aside, indemnity insurance (PI Insurance) can also help secure new contracts as clients are now more likely to insist that companies, organisations, contractors and consultants carry professional indemnity insurance as a prerequisite for conducting business with them. It is also beneficial to freelancers.
Furthermore, many professional authorising bodies (such as ACA, RIBA, ARB, FSA) insist that all members have a minimum level of professional indemnity insurance cover.
If you have any further questions regarding your professional indemnity and liability insurance requirements please call our brokering team on 01323 648000.