Ensure your business’ reputation, assets, and brand are protected.
Financial costs can be devasting to your business if you are found liable for negligence – professional indemnity insurance can mitigate this risk.
What is Professional Indemnity Insurance?
Professional Indemnity insurance is an important type of business insurance that is prevalent and importance for businesses that give professional advice or provide services to clients. It is designed to help protect professional and business in the event of a claim being made against them.
What does Professional Indemnity Insurance cover?
Professional Indemnity insurance policies are designed to cover negligent acts, errors and omissions, arising from a breach in professional services.
If a client alleges a mistake made or caused by you or your company and as a result they have suffered injury or financial loss, Professional Indemnity covers the cost of your legal defence and damages you must pay.
Cover can include:
- Civil liability – Civil liability to a third party resulting from the conduct of their business
- Inquiry Costs – The cost of the Regulatory body defending an inquiry into the insured’s professional conduct
- Defence costs – The cost of defending a claim trigged by the policy
- Fidelity costs – Employees who engage in dishonest or fraudulent conduct that leads to direct financial loss to a business
- Costs and expense advancements – Extra cost and expenses that are incurred during a claim
Who should have Professional Indemnity Insurance?
If you give advice or provide professional services, Professional Indemnity can help prevent a mistake from costing your business.
It is recommended for businesses such as accountants and bookkeepers, IT specialists, advertising agencies and management consultants.
Why Insure with Amfin?
At Amfin, we take pride in the advice we give our clients. To us, it’s more than just insurance, it’s tailored advice to help you plan your today and secure your tomorrow.
We will work with you to ensure both the essentials and your requirements are covered. Peace of mind is what we will deliver for you by ensuring you have a thorough policy that won’t catch you by surprise. Our team of knowledgeable consultants are here to understand your needs to find the right policy cover. Chat to us for a tailored insurance solution for your unique needs.
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We have friendly and experienced team members ready to help with your finance needs, whether they be business or personal.
Experience the Amfin difference. Contact us for a no obligation chat today.