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Accidents will happen, but professional liability insurance can help protect you against the consequences. Professional liability insurance, often referred to as professional indemnity cover, pays out in the event that you make a mistake that causes a client to suffer financial loss. It is particularly important for businesses that offer advice, designs, or consultancy services.
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Simply Business insurance expert Robert Hartley explains the ins and outs of professional indemnity, and why cover is key for so many small businesses.
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You should consider professional liability insurance, also known as professional indemnity cover, if your business gives advice or offers professional services to other businesses. Accountants, IT consultants, business consultants, journalists, architects, surveyors, and engineers often decide to take out professional liability cover.
With Simply Business you can buy professional liability insurance either on its own, or as part of a full business insurance policy.