Why have Professional Indemnity Cover?

 

If you are in the business of selling your knowledge or skills, you may want to consider taking out Professional Indemnity Insurance. This protects your business against compensation sought by aclient if you have made mistakes or are found to have been negligent. Professional Indemnity Insurance will also cover any legal costs. What does PI Protect your business from? For negligence or breach of a duty of care Negligent misstatement or misrepresentation Infringement of intellectual property rights Intentional dishonesty of your partners, directors, employees or self-employed freelancers For the costs of putting things right, if this will prevent a claim for a greater amount being made against you.