A lifetime of work can be compromised by one single incident. When your professional reputation is at stake, you can’t afford to take a the chance of being caught unprepared. Professional Indemnity Insurance will cover those potential blind spots and protect your practice or business. This policy is normally suited to professions offering work, services, or advice to clients. There are also regulatory bodies that require that this kind of insurance is in place in order for you to operate legally.

Professional Indemnity Insurance covers you for costs that you might face if your work, service, or advice causes a client to suffer a financial or reputational loss. It covers claims and the associated costs and expenses arising out of neglect, error, and omission committed in good faith during the conduct of business. Some examples can include, but are not limited to:

• Professional negligence: If you give incorrect advice or make a mistake
• Defamation: If you produce or support libelous statements about your client
• Breach of confidence: If you share sensitive information without permission
• Breach of copyright: If you infringe on copyrights, trademarks or intellectual property
• Lostor damaged documents: If you lose or damage documents while they’re in your care
• Employee cover: If an employee commits a malicious act that causes a loss for your client.