Professional Indemnity
What does it cover?
Professional Indemnity Insurance covers the following costs:
- Defamation
- Bodily Injury
- Consequential cost
Who should get it?
Businesses dealing with clients’ data or intellectual property, offering consultation and advice are better off with professional indemnity insurance. It is not a legal requirement for all such businesses, but it helps firms hedge their risk of facing claims by clients. Businesses who should get it include:
- Architects
- Solicitors
- Accountants
- Financial advisers
- Chartered surveyors
- Certain healthcare professionals
Cost of Professional Indemnity Insurance
The insurance costs vary with the size of the business and the level of coverage needed by the business. Larger and riskier companies need more coverage and face higher insurance costs.
Violet Insurance provides Professional Indemnity Insurance to all sizes of businesses. We ensure that our clients get the maximum benefit and security against possible claims from their clients. Therefore, we keep our policies flexible and affordable.
Professional Indemnity Insurance is a valuable facility if assessed in the long run. It protects you from unnecessary financial burdens and helps you keep your finances safe if a mishap occurs.
