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The world in which professionals operate is one of ever-increasing pressure and regulatory requirements, with demands for quick answers and cost-effective solutions. This pressure can lead to errors and omissions by the professional which can and do give rise to claims. In a society where consumers are increasingly aware of their rights, the need for PI insurance is further underscored.
Circumstances which give rise to professional liability claims are seldom clear cut. Even in cases where the professional is blameless, he or she may nevertheless be drawn into lengthy disputes which can be both financially and emotionally draining. PI insurance provides both the professional and the client with peace of mind and financial protection.
PI Insurance provides the policyholder with indemnity in respect of legal liability arising out of errors and omissions made in the day-to-day scope of the practice of professions.
No matter what your profession or business, if you are providing a highly skilled service, there is the ability for you to make an error or omission, and open yourself and your company up to liability. We will structure a suitable solution to ensure you are covered for the legal defense costs and financial damages that may arise.
To discuss your Professional Indemnity Insurance requirements, please get in touch with our team today.