The recommended amount of cover (often referred to as a “limit of indemnity”) varies according to the business involved. It depends upon the type of work undertaken, typical contract values, and a host of other factors. If you want guidance on a suitable professional indemnity limit, either contact us or speak to your professional or industry body.

Generally, any business involved in providing advice, designs, specifications, or knowledge, should consider taking out a policy. We arrange professional indemnity insurance for a whole range of businesses and professions, from engineers to teachers.

This may be possible and advisable but depends on your business activities. There is cross-over between professional indemnity and public/products liability, but they are two different policies providing different cover.

This depends on the type of service you provide because in some instances you may require both. A care home, for example, may need both if it is providing advice and practising medicine. For peace of mind, get in touch with us. We will understand your requirements and offer a package that suits.

You need to think about the implications of any service or advice you provide failing. You should also consider the value of your contracts and any specific obligations you have. Professional indemnity insurance can help you protect these contracts.

Professional indemnity insurance and errors and omissions insurance are different names for the same type of insurance product. It is an insurance that provides protection for your business from the cost of a compensation claim when a client believes you’ve been negligent or made a mistake in your work.