Professional indemnity insurance is essential for any professional or business who offers advice to the general public. Without it, you may be liable for any misleading or false information that is supplied by you or your staff.
Professional indemnity insurance is suitable for a wide range of occupations with Coverforce Leed Insurance Brokers having specific knowledge in the following industries:
- Bookkeepers, BAS Agents & Accountants
- Architects, Builders, Project Managers
- Management Consultants
- Doctors, Nurses, Health Care Professionals
- Medical Indemnity
If you are not covered for professional indemnity insurance and think you should be, contact Coverforce Leed Insurance Brokers and speak to us about obtaining a professional indemnity insurance quote.
Why do I need professional indemnity insurance?
Because people make mistakes – and if or when a mistake happens, it is important that you or your business are not disrupted in any way or left financially in debt. PI insurance will ensure that you are covered against claims of negligence, if advice you provided is considered wrong or misleading in any way.
Over the last decade, there has also been a large increase in the number of professional indemnity claims made. So even if a mistake hasn’t been made by you, PI insurance will ensure that you can afford to defend any claims that suggest otherwise – saving damage to your financial state or credibility.
What does professional indemnity insurance cover?
PI insurance covers professionals in the events of claims or legal action made against them, as a result of wrong or misleading advice being given. Policies are tailored to cover your particular industry, depending on what kind of service you offer clients.
PI insurance will cover any legal costs that arise from a claim and depending on the outcome, offer some compensation in the event of financial loss.
Is professional indemnity the same as public liability?
No. Professional indemnity is specifically intended to cover any professional that provides advice as a service to clients. Liability insurance is applicable to any business that has employees or a geographic point of business. Liability insurance will protect your business in the event of an accident or disaster that directly harms a person or their property in any way.
Coverforce Leed Insurance Brokers – professional indemnity insurance brokers you can rely on
Without PI insurance, your business and reputation are always at risk. Contact Coverforce Leed Insurance Brokers today and speak to us about obtaining a professional indemnity quote. One of our specialised consultants will take the time to assess your business operation and structure, and customise a solution to suit your needs.