What is PI
Professional indemnity cover is a form of liability cover for individuals in private practice, partnerships and companies offering a professional service, including but extending beyond the traditional degreed professions.
Your reputation is fundamental to your ability to secure work, a professional cannot ignore any accusations of negligence. Claims must be defended which is a lengthy and very costly process and third party damages where malpractice is proven can be very costly.
Who needs PI
Professional Indemnity insurance is designed to protect the likes of engineers, architects, attorneys, financial advisors, doctors, estate agents – essentially an individual or practice – who takes a fee for providing a service
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