With a range of cover options, including cyber liability, a professional indemnity policy can be tailored to suit your specific requirements.

• Extensive cover – as well as professional negligence, your policy includes everything from a breach of contract, misrepresentation and the unintentional infringement of intellectual property rights to character defamation, the dishonesty of employees, partners or directors, and the loss of documents or data

• Tailored protection – not only can your cover include specific contract requirements, it can even be arranged retrospectively

• Cyber liability – you can extend Professional Indemnity Insurance to cover third party claims for financial losses resulting from data theft, problems accessing your website, and a hacker attack or virus that comes from your system

Why you should consider Professional Indemnity Insurance

• Having Professional Indemnity Insurance minimises the disruption to your business if a claim is made against you.
• If you trade in foreign markets, the risks are even greater – so it’s important to have specialist protection that covers the right geographical and jurisdictional areas.
• Some policies also cover the fees owed by a client who refuses to pay and threatens to counter-claim if you pursue payment.
• Professional Indemnity Insurance is a great business enabler. As well as demonstrating professionalism to potential clients, it may be an essential requirement for regulatory or contractual compliance. Membership of an accreditation scheme will also typically require a minimum level of professional indemnity cover.
• Keeping a professional indemnity policy running will protect you against any claims that are made after a contract has ended.