Professional indemnity insurance is designed to protect you from claims for financial losses suffered by your clients resulting from services or advice you’ve given them. It can cover the legal fees of defending a claim and compensation payments to the claimant.
When all’s going well with a client it can be hard to envisage a situation where they decide to sue you. However, even the best relationships can be shattered if what you provide does not meet the client’s expectations, or worst still ends up losing them money.
This type of insurance can cover you against:
- claims for breaches of professional duty
- copyright and confidentiality
- loss of information
If you provide services or give advice you should think seriously about having professional indemnity cover.
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