Finding the right kind of insurance cover for your business can be a daunting task, especially with all the other day-to-day tasks to concern yourself with.
Read our guide and find out more about Professional Indemnity and Public Liability Insurance.
Professional Indemnity insurance is a specialist cover which is crucial for any business that offers professional services such as consultancy or design.
Even though professional indemnity is not a legal requirement, when bidding for a contract most companies will insist that the contractor / consultant have the cover in place.
Professional Indemnity can protect specialists against any claims of negligence, omission or professional error brought against the company by its clients.
You may also require public liability insurance which can be included all in one policy. Any company that comes into contact with clients or members of public should consider public liability insurance as essential cover.
If your business operations were to injure a member of the public or possibly damage their property in some way, public liability insurance would cover you in the event of a claim being made against you.
Public liability insurance will cover you for up to thousands of pounds, and with so many ‘no win no fee’ a service currently available, this cover has never been more relevant.
The amount of cover you available varies from £1 million to £10 million, which all depends on what is appropriate for the size of your business.
Professional indemnity and public liability insurance helps to safeguard the long term future of your business, letting you get on with your job in perfect peace of mind.
It can be very difficult to understand insurance policies and you may not always know what the right choice for you would be. Price comparison websites such as Constructaquote.com can be very informative and will assist you in making the best choices for your company.