What is Professional Indemnity Insurance?

Professional indemnity insurance provides cover for the legal costs and expenses in defending a claim for loss or damage resulting from negligent services or advice provided by a business or an individual. It is an important insurance cover for businesses that offer advice, provides a professional service to clients or handles other firms data or intellectual property.

Do I need Professional Indemnity Insurance?

Professional Indemnity Insurance is sometimes required by professional or regulatory bodies. Other businesses may take out professional indemnity insurance for protection against a claim. These can include the following professions:

• Advertising agencies
• Consultancies
• Design agencies
• Public relations agencies

No matter what the size of your business or organisation, without Professional Indemnity cover you could be left vulnerable should a claim be brought against your business or organisation for:

• Loss of documents or data 
• Loss of goods or money 
• Professional negligence 
• Defamation and libel
• Unintentional breach of copyright and/or confidentiality