Professional indemnity insurance defends you against claims of negligence, breach of confidentiality, dishonesty, libel and slander. We offer up to £10,000,000 cover.
A quick-reference, all-you-need-to-know guide to the insurance you’re getting.Download PDF
The formal bit of the policy, detailing exactly what is and isn’t covered.Download PDF
Employment law is a tricky area to navigate. There are a lot of boxes to tick and hoops to jump through. And if a business fails to do so, they could end up in more than a spot of bother.
Although that means business is good for you, the HR expert, that doesn’t change the hoops or the boxes. Get something wrong, and that could spell serious trouble for your client. It’s a legal case waiting to happen.
If a client alleges you have been negligent in your work, professional indemnity insurance can help save you time, money, and your reputation. It can compensate your client and fork out for legal fees; very clever.
Can you honestly guarantee that you’ll never make a mistake in your work?
We thought not.
Employment law is strict, and rightly so. But when things are so black and white, you don’t have a great margin for errors.
Things like employment contracts and dismissal procedures are touchy subjects, requiring complete accuracy. Providing your clients ambiguous or incorrect advice could easily cost them a great deal.
And claims won’t go away on their own. Even if you believe you’re blame-free, doing nothing is as bad as admitting liability. You have to do something about it: defend yourself, and if necessary, put it right.
Professional indemnity insurance covers the cost of doing so. Without it, you may find your pockets a lot emptier.
Professional indemnity insurance protects your business. No one else’s.
So you have to decide what level of cover is enough for you. Consider what you do, who you do it for and how much it’s worth. Think about worst-case scenario and what could go wrong. What’s the most expensive mistake you could make (or be accused of making)?
Always bear in mind that you can’t have too much cover. Your legal defence can cost many tens of thousands of pounds - and that’s before the compensation bill from your client arrives. Your level of cover has to be enough to cover all of this.
It’s a tricky one to get right. Have a read of this guide or call us if you need more help.
Negligence claims and allegations made against you by clients and third parties, because of mistakes you’ve made and things you’ve failed to do.
Specifically (but depending on the policy wording):
But that’s not all. Some professional indemnity policies can fix a mistake before your client is even aware of it, thereby preventing a claim in the first place.
If you have any employees, employers’ liability insurance is a legal requirement. If an employee suffers an injury or illness as a result of working for your company, they can sue it for damages. Your insurance can cover their compensation, plus any legal fees.
If you visit clients, or they visit you, consider getting some public liability insurance. This covers you if someone is injured, or their property is damaged, and you’re to blame.
Office and property insurance covers the things in your office (furniture, plants, fixed IT equipment etc) and portable insurance covers gadgets and technical equipment away from the office (laptops, tablets, projectors etc). If you’re not sure it’s worth insuring, add it all up – it’s probably worth more than you think.
Business interruption insurance means you can still work when your office is out of action. Be it flood, fire or flea infestation, you’re covered for the costs of setting up elsewhere and for any lost revenue in that time.
If you’re a company boss, you can protect yourself with directors’ and officers’ insurance. Anyone can accuse you of not running your business with due care, and in the UK, company directors are personally liable for their actions. The good thing is this insurance covers your defence costs and any compensation you have to pay. So you can put away your chequebook.
Glad you asked.
The simple answer is: we know what we’re doing. Professional insurance is all we do so we know what you need, even if you don’t.
We also know that buying insurance can be, well, a bit of a pain. So we make sure getting yours is quick and hassle-free.
We do all that while treating you like a human being, too. You won’t find a call centre here. Or a phone menu. And we’ve banned nonsense insurance jargon.
Plus, every insurance-related question you can think of is answered in our School of Risk, and you’ll get our quarterly risk advice email – ‘The Waggle’ – to help you avoid problems in the first place.
If you’re after a second opinion, have a look at our customers’ feedback. They’re the ones you should really listen to.