What is professional indemnity insurance?

Professional indemnity insurance is a type of insurance coverage designed to protect professionals from claims that arise from errors, omissions, or negligence in their professional services that they’ve provided.

What industries need professional indemnity insurance?

Occupations and industries that provide professional services, and or give advice such as consultants, accountants, lawyers, architects, engineers. This is not an exhaustive list.

 

Do I need Professional Indemnity Insurance?

When professionals provide advice or services, there could be a risk that their work may result in financial losses. Professional indemnity insurance helps by protecting you and your business by providing coverage for legal costs and amounts claimed in compensation.

 

Examples of Professional indemnity claims

• Professional negligence Breach of professional duty
• Misrepresentation Defamation
• Infringement of intellectual property rights.

These are a few examples that could be covered under a professional indemnity insurance.

How using Morgan Insurance Brokers can help your business

Morgan Insurance Brokers can help guide you through obtaining a Professional Indemnity insurance policy that is going to best protect your business. Professional indemnity insurance policies can have quite a few conditions and exclusions that are difficult to interpret. We also have access to a large panel of providers that you may not have access to directly.

Contact us today.