What is Professional Indemnity insurance?
Professional Indemnity insurance is intended to protect Professionals and their businesses in the event of claims made by a third party suggesting that they have suffered a loss as a result of non-performance, breach of contract and/or professional negligence.
Professional Indemnity insurance cover could protect your business against:
Professional Negligence on a Civil Liability
Loss of Documents or Data
Unintentional Breach of Copyright and/or Confidentiality
Libel, Slander & Defamation.
Why you need Professional Indemnity insurance?
Professional Indemnity insurance protects your financial stability and helps ensure that the public doesn’t suffer uncompensated loss.
Insurers offer a wide range of limit options starting from £100,000, we can help you by providing guidance on what level of cover you may require.
Who needs Professional Indemnity insurance?Professional Indemnity insurance is mandatory for many professions, especially those in the finance, legal and construction industry. In addition, workers in IT, recruitment, media and management consultancies are just a few of the sectors where Professional Indemnity insurance can provide important protection, so if your business is providing professional services to third parties consider the following:
- Do you have a duty of care to your clients or third party - regardless as to whether there is a contract in place?
- Do you provide consultations or advice to other businesses?
- Do you handle data belonging to a client?
How do I get Professional Indemnity insurance?Professional Indemnity insurance cover is different for each business and tailored to meet regulatory requirements. One way to get a quote is to speak to a Broker. They will ask you about various aspects of your business like:
- Whether your business is a Sole Trader or a Partnership
- Number of employees/partners
- Wage roll of the business
- Annual turnover
- What type of advice you provide, products sold and management issues
Why choose Aon as your insurance broker?
You’ll be assigned a dedicated client manager, who will be there to assist you from start to finish throughout the customer journey.
We pride ourselves on excellent claims service with 97% of customers being satisfied with the service they received.
Aon is one of the UK’s largest insurance brokers ranked 3rd by Insurance Times in their 2018 report.
Aon can arrange...
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