Professional Indemnity insurance
Professional Indemnity Insurance is written on a claims made basis. This means that the policy has to be in force at the time that a claim is made, rather than at the time the event occurred.
To provide cover for claims which may arise from work done under a previous insurance policy, most Professional Indemnity policies include the option for Retroactive Cover.
Generally speaking, Retroactive cover would only insure you back to the last break in continuous insurance. It may also cost an additional premium to include it depending on the period of time to be insured.
Our professional indemnity insurance policy automatically includes retroactive cover back to the date of incorporation of your company, or the date you started trading.
PI Insurance Policies Cover:
- A negligent act, or error made during the course of your duties
- Unintentional infringement of intellectual property rights
- Loss of data or documents entrusted to you
- Unintentional breach of confidence
- Unintentional libel or slander
The cover you need to stay safe and thrive in your working life
Professional Indemnity insurance provides you with cover for legal costs and expenses you may incur.
It will also cover any damages or costs awarded if you are alleged to have provided a client with inadequate advice, services or designs that have caused your client to lose money.
For professionals offering advice, consultancy, design work and services in the UK, Professional Indemnity is an essential party of their business.
Any business that provides a service or designs to clients should consider protecting itself with Professional Indemnity insurance.