Professional Indemnity insurance provides you with cover should your client allege you have caused him financial loss due to your negligence whilst providing professional services.
This could be in the form of advice if you are a consultant, or an estimating or tendering service, maybe you provide drawings or calculations. Mistakes do happen so it makes sense to have protection and these days it is increasingly common for contracts to make professional indemnity insurance mandatory.
As insurance brokers we recommend that you read all your insurance policies and make yourself familiar with the terms and conditions but we are realistic and know that you are busy earning a living in your chosen field and may not have time to sit and read 3 or 4 policies, some of which seem to be longer than War and Peace!
Many times claims are notified too late for the simple reason the policy hadn’t been read and the person buying the insurance had no idea what circumstances would be covered. Better to make the enquiry at the earliest opportunity and then at least you can move forward with the knowledge you are going about things the right way.
We have put together a few points to remember about your professional indemnity cover and making a claim:
Here at Caunce O’Hara we want you to get the best possible advice and protection. If you need advice about arranging professional indemnity cover don’t hesitate to give us a call. If you have already arranged your cover and were wondering about making a claim, just call us and talk it through. We are here to help you.
Call our friendly team on 0333 321 1403