Compare Competitive Professional Indemnity Insurance Quotations
At Aldium Insurance, we understand that each profession has unique risks and requirements when it comes to Professional Indemnity Insurance. That’s why we offer cover thats tailored to suit the needs of a wide range of professionals, including solicitors, accountants, architects, engineers, contractors, consultants, and more.
With our expertise and broad panel of leading insurers, we can help you find the right Professional Indemnity Insurance policy to protect your business and provide peace of mind that is affordable for you.
Professional Indemnity Insurance | FAQs
- What does Professional Indemnity Insurance cover?Professional Indemnity Insurance covers claims arising from professional negligence, errors or omissions, breach of duty or contract, and other professional liabilities that result in financial loss or damage to a client.
- Who needs Professional Indemnity Insurance?Professional Indemnity Insurance is typically required by professionals who provide advice or services to clients, such as lawyers, accountants, architects, engineers, consultants, and other professionals
- How much cover do I need?The amount of cover you need will depend on the type of services you provide, the risks associated with your business, and your clients’ requirements. Our specialists can help you assess your risks and will recommend an appropriate level of cover based on your needs.
- What are the benefits of having Professional Indemnity Insurance?Having Professional Indemnity Insurance can provide peace of mind and protect your business against financial loss and reputational damage resulting from a claim of negligence or professional misconduct.
- How much does Professional Indemnity Insurance cost?The cost of Professional Indemnity Insurance can vary depending on several factors, including the nature of your business, the level of cover required, and your claims history. Our specialists will compare quotations from a broad panel of leading insurers in order to find you the most competitive policy that meets your needs.
- Can I purchase Professional Indemnity Insurance online?While it is possible to purchase Professional Indemnity Insurance online, it’s recommended to work with an experienced insurance broker who can help you assess your risks and find the right policy to meet your needs given the risks of purchasing the incorrect cover.
- What happens if I don't have Professional Indemnity Insurance?If you don’t have Professional Indemnity Insurance and a claim is made against you, you could be responsible for covering any legal costs and damages awarded to the claimant. This can be financially devastating for your business, and in some cases, it may even result in bankruptcy. You may also find that some client contracts will stipulate that you hold PII cover and specific limits.
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