Whether you are considering starting a new Business in the New Year or you are an existing Business thinking about Professional Indemnity (PII) insurance you may need to consider this type of insurance.
All types of professions could be exposed to claims against them for professional neglect for instance, the following businesses should/could have Professional Indemnity insurance in place:
What does it cover us for?
The policy is designed to offer legal defence cover and damages awarded with cover such as:
- Breach of Professional duty
- Dishonest, fraudulent or malicious acts or omissions of any present employee
- Libel or slander
- Unintentional breach of confidentiality
- Unintentional infringement of Intellectual Property rights
- The loss of or damage to documents
- Any other civil liability
- Select cover for infringement or copyright pursuit cover
www.professionalinsuranceagents.co.uk or telephone us at Professional Insurance Agents Ltd +44 (0) 1323 648000.
You have explained the basics of professional indemnity insurance in detail. I would love to know more about this policy so that I can decide about making this policy option for my business too. Thanks for this detail.
ReplyDeleteprofessional liability insurance