Professional Indenmity
Description
For professionals in certain categories of business, it is important to protect oneself against litigation filed by clients seeking compensation for loss, injury or damage sustained due to your negligence, your advice or your services. Professional indemnity insurance covers the cost of compensating your clients for their loss or injury. Litigation can be filed against you also, even if the professional negligence is executed by persons in your employ.
Certain sectors of business are more exposed to this type of exposure than others and though this may not be a mandatory requirement to operate your business, it is important to protect your life’s work, your goodwill and your investment with professional indemnity insurance. If you sell or provide any service that other persons or businesses need, you are a prime candidate for this type of protection. One claim can literally wipe out your business, depending on the award granted to the claimant against you. Get covered today.
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