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What is professional indemnity?

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What is professional indemnity?

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In the event that one of your customers suffers financial loss as a result of alleged neglect, error or omission Professional Indemnity Insurance will meet the cost of defending claims and any damages that may become legally liable to pay. Anyone that provides advice or offers similar services in a professional capacity is seen by their customers as an expert. In these times of high consumer awareness, some of your customers may not hesitate to pursue a claim if they feel that they have received a poor standard of service. As such the need for Professional Indemnity Insurance has never been greater.

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