At a Glance
  • Compensation awards
  • Legal costs due to negligence
  • Cost of damages or correcting your actions
  • Alleged wrongful advice
  • Error or omission

If you’ve reached professional status, you’ll be in a position where you feel confident in offering your clients good advice.

If a misjudgement or mistake on your part means that the advice you have given in fact falls below par, to the extent that your client loses out personally or financially, then you could a problem on your hands. This is, unless you have a professional indemnity policy in place.

Cover your advice

Even if you are resolute in your advice, you have to be prepared for the fact that one of your clients may think otherwise, whether you are a consultant, having drawn up architectural plans, or offered legal advice. Sometimes this will be a clear cut scenario, one in which you are more than happy to compensate for. Other times the origin of blame can be a little murky, in which case you will still need to pay for defence costs.

What is Professional Indemnity Insurance?

Whichever is true, professional indemnity Insurance is designed for such times where your service is questioned so you can better manage the situation   and continue your work unperturbed by any financial uncertainty which may otherwise lie ahead. It covers defence costs concerning alleged wrongful advice, errors or omission.

Identifying your professional scope

Before the commercial team at Shearwater can work on pulling together all the right elements for your professional indemnity policy, we first need to establish just how much a claim would impact on your finances so we can adjust the indemnity limit accordingly.

Testimonials

Dear Jeremy

I wanted to make you aware of the superb customer service that I have received over the last 12 months or so from your employee Dan Simpson.

Dan has not only restored my faith in insurers but equally, shown that customer service is flourishing within your organisation. Dan sets the highest of standards and has raised the bar in customer service standards. Through the course of my work I have the opportunity to gain insight into the internal and external operations of many organisations – time and time again, the adage of ‘people make the difference’ is proven to be correct. Dan is most definitely one of those people and as such is deserving of both praise and recognition.

Best regards

Agneta

Use our online form to request a quote now. Otherwise call our team on 01992 707316 for a chat about your insurance needs

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