Professional indemnity insurance can protect you from many major issues; professional negligence, defamation and libel, loss of goods, money, data or documents, and even unintentional copyright or confidentiality breaches.
Many business sectors are governed by regulations that require any company working in them to have professional indemnity insurance, and contract professionals often find that without a current PI policy they won’t be considered for contracts.
Even if it’s not mandatory for your business, it’s something any business owner should give serious thought to.
But what should you look for in your Professional Indemnity cover?
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When comparing professional indemnity policies online, you should always check that the policies you’re considering provide the coverage you need. There’s nothing worse than discovering that you’re not covered when you thought you were – so be careful at this stage.
The advantage to using an online comparison tool for your professional indemnity policy is that it makes it much faster to find an excellent policy.
Don’t let the perfect policy slip through your fingers. Check to make sure each policy meets your needs before you evaluate on price.