Do you provide professional advice to your clients?
Professional indemnity provides protection against claims made by a client, alleging they have suffered a financial loss as a result of negligence or a breach of professional duty. This could include faulty designs, defamation, loss of data and intellectual property breach.
This risk could apply to single-person consultancies, to the largest, publicly listed company, who provide professional advice that clients (people or companies) rely upon, and who may suffer a financial loss as a result of an error or omission.
Business this is recommended for:
Management consultants, engineers, accountants, financial & investment advisers, architects, recruitment consultants, real estate agents, lawyers; and any other industry that provides advice that people/ companies.