Professional indemnity insurance
If you're in the business of selling your specialist knowledge or skills or giving professional advice then it's important you think about professional indemnity insurance to cover your business. Otherwise you risk some rather scary claims if your work turns out to be negligent, or if you have made serious mistakes that negatively impact your clients business.
Professional Indemnity insurance requires that the policy is in force when a claim is made, not for when the mistake is made. Without it you expose your company and risk being sued for all sorts of claims.
Metcalfe Insurance Services offers Professional Indemnity insurance that protects businesses offering professional advice or services. The package covers your business for the cost of compensation sought by a client (and resulting legal costs) if you have made mistakes or have been found to be negligent. We can provide a wide range of Professional Indemnity cover for most professionals including financial consultants, web designers, lawyers, advertising agents, accountants and small businesses. Even building contractors need this cover. In some cases some clients may insist that cover is in place before hiring your services. Please note that some professionals are obliged to take out this cover.
Professional Indemnity insurance can cover some or all of the following areas:
- Negligent acts such as errors or omissions
- Unintentional Infringement of Intellectual Property Rights
- Implied Statutory Terms
- Loss of data or documents
- Unintentional libel, slander, defamation
- Unintentional breach of confidence or confidential duty
- Misuse of business information
- Malicious falsehood
A Professional Indemnity cover would pay all reasonable costs incurred in the defence or settlement of such claims arising from the above.
Most businesses would not need Professional Indemnity Insurance alone and this cover is often incorporated with others such as Office Insurance, Liability Insurance, Directors & Officers Insurance, Commercial Legal Expenses and / or Employment Protection Liability and Motor Insurance.
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Use the enquiry form on this page and we'll call you back at your convenience during office hours (be sure to leave a number we can contact you on).
If you prefer to phone, during office hours you can call us on 0161 480 0170 to get answers directly from one of our specialists.