Professional indemnity insurance, also known as PI insurance or indemnity insurance, can help protect you if claims are brought against you by a client due to a problem with work you have carried out for them.

Key Cover Features:

• Compensation you may would have paid to correct a mistake.
• Legal costs due to negligence, such as giving incorrect advice or making a mistake in your work.
• Cost of damages or correcting your actions

How much cover do you need?

• When working out the right level of cover for your business, you should consider the:
• size of the contract and client
• potential cost of your defence costs if it came to the worst
• maximum compensation that could be awarded against you.

You may need professional indemnity insurance if you:

• Provide advice to your clients
• Handle data belonging to a client or business
• Are responsible for a client’s intellectual property
• Provide a professional service and could be challenged on your work. You may feel confident in the quality of your work, but any small business is vulnerable to a claim of negligence when professional advice or services fail to meet a client’s expectations and cause financial loss.

Occupations such as:
 

• Accountants
• Energy Assessor & Home Inspectors
• Architects
• Marketing & Media
• Business & Management Consultants
• Recruitment Consultants
• Letting & Estate Agents
• Engineers
• IT Consultants
• Surveyors

In the event that you may need to make a claim, even if you are unsure that the incident will lead to a claim, it is vital to notify the office as soon as possible after the incident has occurred.

UK Telephone: 01992 707316

With Shearwater we are always on call to help and we know that an incident does not always occur Monday to Friday 9-5. That is why a member is staff is on call outside of office hours to offer advice and support whenever you need it.

We have a dedicated claims handler who is your first port of call in the event of an incident. As soon as we have checked that your claim is covered by your policy, we will get the process moving.

In all cases we look to deal with your claim as quickly and efficiently as possible and will keep you informed of our progress.

"I’d like to congratulate you and your team once again, on the excellent customer service."

Penny