What is Professional Indemnity Insurance and why do you need
it?
It takes time and effort to build a professional business, and
to build a strong business reputation. For businesses offering a
range of professional services including a variety of advice,
design and consultancy services; Professional Indemnity Insurance
provides valuable business protection.
In the event that you or others working in your business make a
mistake or omission, or act negligently, then a claim against the
business from a client or other third party could have significant
financial implications. In some cases, it could ruin the business
or its reputation altogether. Professional Indemnity Insurance
ensures your business remains protected from the potentially
crippling effects of a claim.
At YOUR Insurance, we take pride in offering business insurance
products for a broad spectrum of businesses. Talk to us about the
level of Professional Indemnity Insurance your business needs.
To find out about what’s covered in our Professional Indemnity
Insurance policies, read more on our Benefits page.
How to buy Professional Indemnity Insurance from YOUR
Insurance
We want to give you the customer service you’ve been looking for
so we’ve created three simple steps to help you choose your
Professional Indemnity Insurance policy. We’re available with
advice at every stage too:
- Ask questions: we’re here to help in the way
that you choose. In addition to the information on this site, you
can request a call back for advice from our customer services team
at a time that suits you.
- Request a quote: send us an email or phone us
for a quote.
- Buy your insurance: over the telephone – just
talk to our UK-based team of qualified insurance specialists.
Why choose us?
Insurance shouldn’t interrupt the way you work, but you need to
know it’s always there, so we make YOUR Insurance work with
your business. With YOUR Insurance, you can:
Spread your payments: to help you manage your
cash flow you can choose to pay your insurance premium in monthly
instalments.
Save time and money: we will email all of your
policy documents to you so you’ll have them straight away. And if
you have any queries there’s no cost to call us: all of our
telephone numbers are free.
Know that you have financial security: by
taking out our professional indemnity insurance
policy you’ll know you have the support of Europe's largest
independent insurance intermediary, Towergate Underwriting
Group Ltd..
Policy features
Our Professional Indemnity Insurance policies can provide cover
for:
Loss or damage to documents
If important documents (paper or electronic) are lost or damaged,
the effect on business activities can be very disruptive and
damaging. Cover for the cost of replacing or recovering documents
is included.
Dishonesty or theft
If just one person within a business acts dishonestly or steals
from a client; rectifying the crime can ruin an entire business.
Covering your business against the risk of one bad apple acting
illegally provides the financial support to rectify the situation
quickly and minimise the effect.
Intellectual property
Infringement of copyright, trademarks or broadcasting rights can be
done on purpose or inadvertently. Either way, the repercussions can
have a financial impact on the business.
Negligence
A mistake, omission or failure to exercise a duty of care can have
devastating effects on an entire business. Cover is included to
protect against the impact of such events.
As with all insurance policies, limits and level of cover will
depend upon the package you choose.
Things to look out for
Insurance is designed to protect your business. To make sure
that you get the most from your choice of cover, you need to bear
in mind the following:
Reasonable care
Insurers will expect you to take reasonable care to protect
electronic and hard copy documents and prevent loss or damage. For
example you must have sufficient procedures in place for the
security and back up of documents held electronically.
