10 reasons for Professional Indemnity insurance
Posted on: 02 February 2017
If a third party suffers an injury, loss or property damage as a consequence of another's actions (in a professional capacity) then there may be a legal liability for compensation to be paid out to that third party.
In our new '10 reasons' document, we break down some of the advantages of having Professional Indemnity (PI) insurance to help you in your conversations with clients.
Additionally, two claims examples illustrate scenarios where the cover may not have been compulsory, but when mistakes were made it meant a resolution could be promptly found.
Professional Indemnity cover can be provided as an optional section within Allianz large and mid-corporate Property and Casualty and Motor Trade propositions. The same cover is available as a standalone product: Professional Indemnity Select.
Complete Professional Indemnity is designed to cover businesses with a turnover of up to £7,500,000, or £2,500,000 for those operating on a fee income basis.