The policy explained...
What's special about this policy?
If your business involves giving advice or selling expertise, you should protect yourself with a good quality Professional Indemnity insurance policy.
A specialist Professional Indemnity insurance policy will protect your financial interests and your professional reputation if a claim is made against you in the course of your work for clients.
Policy documents
A sample of our policy documents are below:
Who's it for?
This policy is for any business that involves giving advice or selling expertise and is not otherwise catergorised on this site.Here is a short list of some of the other professions we cater for:
More occupations
- Actuarial Consultancy
- Actuary
- Bathroom Designer
- Exhibition Designer
- Film production
- Fire Safety Consultant
- Fundraising Consultant
- Garden designer
- Heating Consultant
- Heating Engineer
- Home Information Packs Provider
- Independent financial advisor
- Insurance Broker
- Insurance Intermediary
- Interior Designer
- Kitchen Designer
- Mediator
- Post production house
- Product designer
- Publisher
- Secondary Intermediary
- Traffic Consultant
- Transport Consultant
- Travel agent
- Umbrella services
- Will Writing
Why do you need Professional Indemnity Insurance?
As a consultant, you could be personally liable for giving incorrect advice, for example, or if you were responsible for a breach of confidential information. You could be accused of misrepresenting the interests of a client or distributing inaccurate information.
Today, people who use professional services are more likely than ever to blame the professional when things go wrong.
In law, as a professional, you owe a duty of care to the people you work for. This could include your clients and the interests of certain suppliers: a large number of people who could make a claim of negligence against you.
The chance of a claim being made against you may be small; but, if a claim was made, you could find it very expensive to defend yourself.
Claims example
You've just completed the translation of an instruction booklet for a major furniture retailer.
The client is delighted with your work and distributes your booklet with his next batch of self-assembly shelving.
A week later, the client is in touch again. Sadly, he's not calling with a request with a new commission, but with news that he has been informed of a mistake in the instruction booklet which has led to him having to recall his shelving packages from across Italy at huge expense.
It appears that a sentence in your translation renders the instructions useless and he is suing you for breach of duty of care.
Your Professional Indemnity policy will pay your legal defence costs plus any damages for which you're found liable.
