Professional Indemnity Insurance Questions

Getting insured for professional Indemnity cover is paramount to any business that offers professional advice or services. Here we answer a few common questions that are often asked.

Have more questions? Call us on 01227 285540

 
If you run a business or professional service, then there’€™s no doubt about it: you need professional indemnity insurance. There are many components to protect within a business, from an employee perspective to a client or customer aspect and it is imperative to ensure your business is not at risk; whether you are a financial adviser, a solicitor, an engineer or even a less traditional service.
Professional indemnity insurance is designed to protect and prevent companies from being held legally liable by a third party. The owners of the business and their employees can be protected against negligence, injury, loss or damage of goods as well as slander, professional neglect and many other areas.

No small business is one hundred percent free of risk from a dispute with an unsatisfied customer or client and when the time arises, you won’t want to lose business or large amounts of money as a consequence. Our expert brokers will be able to help you find the right level of cover for your business.

Yes, that’€™s no problem: At Quote Me Today, we have the expertise in the field required to provide a well informed policy which covers you for all the most at-risk areas of your business. We will work together with you to find out all about what it is you do in your company so that we can better understand it and formulate a plan that will keep you covered for everything from a breach of duty of care, infringing on copyright, lost data or dishonesty. These are just some of the things clients can dispute, so if you or your staff make a mistake it could cost you dearly.

If you would like to discuss or add any restrictions on to your policy, please give one of our friendly advisers a call on 01227 285 540.

Simply put. If you should become unfortunately embroiled in a dispute with a client, then your insurer can defend your claim while your policy will protect you so that even if you are found to be liable, any damages can be covered by your policy subject to the level of cover you have.

Continuous Professional Indemnity Insurance is always recommended. This is because any gaps in your insurance could hold you liable for claims against you if you weren’t covered at the time.

Our experienced brokers can help you with this. We have worked with many businesses advising them on how best to protect their business when working with large and small clients alike. We will often advise you to take into account the type of work you are carrying out against the amount it is costing the client and how much is at risk. Then we will work out the level of protection that is would be required; It is always best to air on the generous side of an estimation so your business isn’t left out of pocket.

Sometimes your client will be able to offer their input too by setting a minimum limit of indemnity as they see it, which could be standard for them. Quote Me Today will be able to provide you with more information as well as the option to also take out retroactive cover for work done in the past.

Quote Me Today are different to most insurance companies.
We will talk to you to ask the right questions to get a more tailored quote. Then we will talk to a large panel of insurers to get you the most suitable quote that is right for your business needs.

We tailor our policies to suit the individual business needs and that’s why our customers continue to renew with us.

We recommend that you either contact us directly on 01227 285 540 to speak with one of our team of friendly advisers, who will efficiently guide you through the quote process or you can fill in our 30 second quick quote form, where one of our experienced advisers will contact you directly back to discuss your insurance needs and ensure we get you the best rate available to us.

Our prices are among the lowest around; however, you may occasionally find a cheaper price elsewhere. If you find a cheaper price please make sure you are getting exactly the same cover including the total excess and any limits to payments made in the event of claim.

You may also be able to reduce your price by increasing your policy excess or changing your cover levels. We will always discuss your cheaper quote with you to make sure you are getting the right levels of cover.

Quote Me Today specialise in giving the best, most suitable policies rather than a “one size fits all” approach.