Professional Indemnity & Design and Construct Insurance

Professional Indemnity insurance protects the policyholder in respect of claims made against them (for their legal liability) for losses arising from professional services, or advice provided. This would generally arise through negligence or breach of professional duty.

Professional Indemnity insurance (also known as Professional Liability insurance) covers financial loss by third parties arising out of any negligence, libel and slander, loss of third party documents, unintentional infringement of intellectual property right & unintentional breach of confidentiality.

Professional Indemnity covers financial loss by third parties arising out of your negligence, such as providing inadequate advice, services or designs to your client. Public Liability covers damage or injury to third party property or persons (where you are liable).

Any person or business involved in the professions and occupations providing advice and consultancy services. Businesses are increasingly open to claims in respect of financial loss from third parties arising out of professional negligence or breach of duty. Anyone that provides professional services for a fee as part of their business activities must consider professional indemnity insurance. In most cases, you will not be appointed unless you have it in place.