If your business provides opinions, advice, design, or specification, you run the risk of costly claims if the advice or design turns out to be unsatisfactory, even if you’re not at fault.
Professional indemnity insurance covers errors, omissions or misinterpretations, protecting your assets and your reputation.
This form of indemnity insurance covers both compensation payment the business is legally liable to pay (e.g. a settlement negotiated out of court, or damages and expenses awarded in court) and the legal defence costs.
