Wise Money's uk professional indemnity insurance quotes

Sleep easily with Wise Money's Professional Indemnity Insurance quotes

Those offering advice or a professional service have a responsibility to clients - and a breach of that responsibility might result in a claim that could have a devastating impact on the smaller business. Even a successful legal defence is costly, and the consequences of losing could be a substantial payout to the aggrieved client. And in today's climate of high consumer awareness, many will pursue a claim with the slightest grievance.

Recent examples of successful professional negligence claims include:

  • An advertising agent inserted an incorrect newspaper advertisement, leading to a claim for loss by low response, loss of credibility and the cost of inserting the correct advertisement. Settlement - £25,000.
  • A management accountancy practice failed to alert their client to losses resulting from an employee falsifying sales returns. Settlement - £14,000.
  • An interior designer produced an office layout which the client successfully claimed was not in accordance with specified requirements. Settlement - £25,000.
  • A translator made an error in a technical brochure, resulting in reprinting costs and damages for the client's loss of business. Settlement - £20,000.
  • A graphic designer adapted a drawing from a textbook for use as a logo, and was sued for breach of copyright. Settlement - £35,000.

Happily for all these 'losers", they were covered by Professional Indemnity Insurance (PII), which is designed to provide protection against just such negligence claims.

However, this type of cover can be very expensive, and our experience in the home and small business sectors suggests that many people feel that - much as they'd like the peace of mind which PII brings - it's too expensive . . . especially as they believe any claims against them are likely to be well below the high "per claim" limit set by typical commercial policies.

So we offer affordable PII options specifically for the small business sector. Underwritten by leading insurance companies, it protects against legal liability to pay damages and claimant's costs/expenses as a result of breach of professional duty by the policyholder - also covering all other costs incurred with the insurer's consent. The policy includes automatic extensions for: libel and slander; breach of copyright; breach of confidentiality; loss of documents.

Each Pro-Indemnity policy is underwritten individually. A firm quote will be given upon receipt of the completed Application Form.

The Pro-Indemnity policy applies to claims made during the period of insurance. We are able to write PII policies for those who require a higher annual indemnity limit, also at extremely competitive rates. If you wish us to quote for a higher indemnity limit, please enter your desired limit in the appropriate box on the Application Form.

Please apply for your professional indemnity insurance quotes now!

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