Professional Indemnity Insurance Services

Essential protection for service providers, consultants and professional advisers.

In an increasingly litigious business world, Professional indemnity insurance is essential protection for any service business that provides services or professional advice to clients. This includes more traditional businesses such as architects, accountants, solicitors, surveyors, consultants, PR, advertising, marketing and recruitment, and now increasingly small technology companies, app developers and other new media companies. Equally trading in foreign markets brings greater risk and requires specialist protection.

But Professional Indemnity Insurance isn’t simply about protection. It is also a great business enabler. Many potential contracts or clients will stipulate it as a requirement. Being part of an Accreditation Scheme can be highly advantageous but these will typically require a minimum level of Professional Indemnity insurance.

It protects against compensation claims arising from:

  • the dishonesty of your employees, partners or directors
  • negligence (or breaches of duty of care)
  • the unintentional infringement of intellectual property rights
  • the loss of documents or data

Professional indemnity insurance covers the costs of defending these claims so you won’t be liable for any legal fees or, should you lose the case, the cost of putting things right or paying financial compensation.

Why you should consider it

  • Provides peace-of-mind financial protection for your business even in the event of an invalid claim. In certain circumstances it also covers fees owed by a client who refuses to pay because of your negligent act and threatens to counter-claim should you pursue what’s owed to you.
  • Minimises disruption to your business in the event of a claim against you
  • May be required for regulatory or contractual compliance
  • Enhances your business’s reputation as a professional firm

To discuss your professional indemnity insurance options, or to obtain a quote, call us now  on 0118 916 5480 or email us.

“Our PI insurance came up for renewal recently so we approached Macbeth to ask for an alternative quotation. They made sure they thoroughly understood our requirements and obtained quotes from several companies. The best of these was not only considerably cheaper than our existing broker, but was specifically tailored to the technology sector. I would encourage others looking for excellent service to speak to Macbeth regarding all aspects of insurance, we are certainly pleased that we did.”

Paul Cowie
Rock IT Group

Get in touch:   Reading: 0118 916 5480   London: 020 7036 8767   info@macbeths.co.uk