Professional Indemnity Insurance protects your business, if it is alleged you have provided incorrect advice, services or designs, that has caused your client to incur a financial loss. It provides cover for legal costs, defence expenses, as well as compensation payable to rectify mistakes and errors.
We can offer Professional Indemnity Insurance from as little as £12 per month. We provide industry specific coverage and can tailor the cover to your needs. One of our friendly team can run through the question set in 10 to 30 minutes dependent on complexity. In addition, we can add optional modules to your cover i.e. employers liability, if you require a complete business package.
For this class of business, and all our commercial insurance solutions, we have an instalment facility meaning you can pay over 6 or 10 instalments if required.
We can cater for all your indemnity requirements and can provide cover from £25,000 up to £20,000,000.
Do you really need this cover?
According to AXA three quarters of business owners worry about making mistakes on client projects, and one quarter worry that one of their clients will make a compensation claim against them, related to their professional services.
But despite these statistics more than half of businesses that offer advice fail to buy Professional Indemnity Insurance. Make sure you are in the right half.
If you answer Yes to any of the below - You need Professional Indemnity Insurance?
• Do you provide advice or consultancy?
• Do you provide an expert service?
• Do you handle people’s information?
• Does one of your client insists you have it?
• Does the main contractor require you have it?
• Does your professional body require that you have it?
Typical examples of Professional Indemnity Insurance claims
• IT consultant loses data
• An accountancy firms makes an error on a tax return
• A personal trainer gives poor advise and causes injury
• A marketing agency infringes copyright
• A contractor makes changes to an architects plans and causes delays
If you are not sure if you need this cover, or require any further information, please Contact Us and we are happy to help.
I was referred to Edison Ives by the British Insurance Brokers Association and Tony was able to find an insurer that reduced my landlord cover from over £1300 to £495. I was over the moon and Tony made it all easy and straightforward. I would have no hesitation in recommending them to others.
As leaseholders we took the rights to manage our own flats. Not knowing anything about what needs to be done, Edison Ives (Tony) was of very good advice and guidance in taking out a building insurance for our flats. Clearly the personalised and trustworthy approach made us decide to work with them (as well as the money they made us save). I would highly recommend them to anyone taking on their rights to manage! Thanks.
I had a lot of problems trying to insure my rental new build flat, these guys were very courteous and solved the problem for me at a good price.