Professional Indemnity Insurance

What is professional indemnity insurance and why might you need it? As with all insurance, professional indemnity is about managing risk, and in today's litigious world the risks you take on can be extraordinarily high.

Professional indemnity insurance (PII) is designed for any individual, company or organisation providing advice, design work or other professional service. It covers you and your business in the event of damages being awarded against you due to: professional error, omission or act of negligence towards a third party to whom you owe a duty of care.

There are many factors to take into account when considering a PII policy, these include:

• Type and size of business or organisation (note that charities and advisory bodies may also need professional indemnity insurance)
• The maximum damages that could be awarded against you; known as the limit of indemnity
• Whether the limit of indemnity will cover any court costs or if they are to be included in your PII policy

With Quoteline Direct you can protect your business from as little as £125 per annum, and enjoy the peace of mind that comes from working with a company that has over 40 years' experience in the commercial insurance industry. Fill-in our online quote form and we'll get back to you the same day or Tel: 0844 888 4042 to speak with a professional indemnity insurance specialist.