Today’s professionals recognise that claims can arise in many ways and Professional Indemnity Insurance is the essential protection you need when faced with allegations of negligence. Just defending an action in law can be an expensive and time-consuming process and the legal costs can accumulate rapidly.
So PI Insurance is an important purchase for all those who provide professional advice, design, supervision, technical advice, or who owe a duty of care to their clients.
It is a special type of legal liability insurance which will indemnify you against claims for compensation following an alleged breach of professional duty, act of negligence, error or omission. It will also cover the legal and other costs and expenses incurred in the defence of a claim.
We have access to the World’s largest PI insurance market where risks of every type can be placed, often with limits that may far exceed the capacity of local insurers.
Architects, Engineers, Surveyors and others engaged in the construction sector in particular will benefit from our industry experience which enables us to offer enhanced policy wordings. It means that we can often provide much improved cover for our clients, thoroughly professional advice on risk or when claims arise, and all at competitive premiums.
So if you are exposed to claims for professional negligence arising out of the advice that you provide, whatever your sector or interest, be sure to contact us for free, impartial advice.