Professional Indemnity Insurance

Professional indemnity insurance should be considered an essential monthly outlay for any professional, but especially for those that operate within the more litigious industries. More and more lawsuits are being filed against a broader array of consultants and experts, including computer consultants, marketing experts, and other service providing professionals. It only takes one disgruntled customer to start a lawsuit and the detrimental effects can quickly snowball out of control leaving your financially out of pocket and with a huge hole in your professional reputation.

In some trades and professions, professional indemnity insurance is a legal requirement but this isn’t always the case. Whether you legally require it or not, you should seriously consider it. If a customer or client were to take you to court and sue for damages it is not just the potential compensation you have to consider but the legal costs, the expense or lost business, and the possibility of a tattered reputation.

With an affordable professional indemnity insurance you can protect yourself against all of these costs. Your policy can protect you against any compensation claims that you may have to pay, as well as the legal expenses of going to court. It can even cover some of the costs of lost earnings while you attend court and deal with the lawsuit. Above all, it could help salvage your reputation.

This isn’t all that such an insurance policy can protect you against either. Professional negligence can be very costly but a breach of duty of care can lead to even greater problems. Copyright infringements and even unintentional breaches of intellectual property rights are also closely monitored in the modern business environment. If you employ professionals within your organisation then you should consider taking out professional indemnity insurance to protect them and to help protect your business too.

Good quality professional indemnity insurance doesn’t have to cost a lot of money to be effective. A policy can be tailored to your specific needs and with monthly instalments a policy can be easily built into your budget so that you enjoy complete protection and peace of mind without having to break the bank to enjoy these benefits. offers a range of business insurance packages including competitively priced professional indemnity insurance that can help protect against lawsuits and other costs.