Professional Indemnity Insurance

From PIA
Wednesday, 29th December 2010 9:01 am

Professional Indemnity Insurance - who needs this type of insurance, why should you purchase it and what does it cover us for?

Whether you are considering starting a new Business in the New Year or you are an existing Business thinking about Professional Indemnity (PII) insurance you may need to consider this type of insurance.

All types of professions could be exposed to claims against them for professional neglect for instance, the following businesses should/could have Professional Indemnity insurance in place:

• Accountants
• Architects
• Business Consultants
• Computer Consultants
• Engineers
• Estate Agents
• Surveyors

What does it cover us for?

The policy is designed to offer legal defence cover and damages awarded with cover such as:

• Breach of Professional duty
• Dishonest, fraudulent or malicious acts or omissions of any present employee
• Libel or slander
• Unintentional breach of confidentiality
• Unintentional infringement of Intellectual Property rights
• The loss of or damage to documents
• Any other civil liability
• Select cover for infringement or copyright pursuit cover

For more information go to:
www.professionalinsuranceagents.co.uk or telephone us at Professional Insurance Agents Ltd 01323 648000.

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