What is the difference between Professional Indemnity and Professional Negligence and which do I need?
You need Professional Indemnity! Professional Negligence is likely to pay if you fail to produce work to a professional standard but what happens if you fail to make the wedding as your involved in a serious car crash and are taken to hospital? Professional Negligence will only usually take effect if the work has been undertaken, so in the case of a complaint for not “turning up” as your speeding off to your local A & E there would be no claim! Professional Indemnity would usually cover this eventuality as circumstances were outside of your control. So what is the definition of Professional Indemnity and how would it help me? Professional Indemnity or PI as it is known, covers your liability for failing to produce work to a professional standard. Professional Indemnity Insurance provides you with financial protection for your business, the costs of defending claims made against you, including damages that may become payable. Claims can occur where a client or other person suffers finan
