Professional Indemnity

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Do you provide a service or advice for your clients? Perhaps you handle customers’ data or intellectual property? Then, Professional Indemnity should be a key component in your insurance arsenal.

No matter how hard we try, every now and again we make mistakes, even as professionals. However, sometimes the littlest slip-up can have the biggest consequences. If a customer claims that they’ve suffered financial loses or that their reputation has been damaged as a result of your work, you could find yourself with a hefty pay-out on your hands.

Professional Indemnity Insurance can give you a monetary buffer, so you don’t have to fork out!

What is Professional Indemnity (PI), also known as Errors & Omissions Insurance (E&O)?

A very simple explanation of the cover offer by this policy is when providing a service, irrespective of which service, you have a “duty of care” to act in a fit and proper manner.  Professional Indemnity insurance insures the resulting legal cost and liabilities when such a service is deemed to have breached your “duty of care”.

This policy is a “claims made” policy so any insured act/claim needs to be committed and made during the current period of insurance.

For a more detailed description please call us or seek a copy of the appropriate policy wording.

Our specialists are here to help, call 0207 929 4616 to speak to a member of the team about your Professional Indemnity needs.

Blackmore Borley Limited

We want to work with you to keep your business protected.

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