Professional Indemnity Insurance
What is it?
Professional Indemnity insurance provides your company and your executives with cover against legal liability, the threat of litigation and potential resultant damages arising out of the professional services and products you provide to a third party.
Why do you need it?
Like most of us, you probably think that it will never happen to you.
However, with advancements in technology and the increasing complexity of software, the demand for specialist and general IT consultants has increased enormously. IT consultants face claims not only in connection with the quality of the advice they deliver but also for damage caused by the failure of the products they supply.
Claims examples
- You have just reviewed and updated a clients website and enter the wrong bank account details for payments. You are responsible for the misdirection of funds
- Your business is hosting clients e-commerce websites. Due to a failure in your back-up systems, your clients web-sites are down for 24 hours. You are responsible for the loss in trade that your clients suffer whilst their sites are down
Purchasing Professional Indemnity insurance allows you to operate confidently and securely in the knowledge that your potential professional liability exposures are covered.
CLICK HERE for an IT Liability Quote
