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Safeguarding against legal liability
Protect your business for the cost of compensation sought by a client
The right policy
The right policy for you and your company
A brief example…
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Professional Indemnity Insurance provides cover if you become legally liable to a member of the public (usually a client) following an error or omission in the professional advice, design, certification or service you have provided them with and as a result they have suffered a financial loss. The Limit of indemnity can vary usually depending on your specific occupation, statutory requirements, regulatory body requirements and client requirements.
Account failed to advise correctly on tax Liabilities
The Insured were engaged to carry out accountancy services and to give tax advice.
As a result of their negligence the client became liable for deferred tax payments of €230,000 plus interest and penalties.
What is Professional Indemnity Insurance:
Any profession that provides advice, designs or offers similar services in a
professional capacity will be seen as an expert by their clients and as such will have a need for Professional Indemnity.