If a client believes you have given them inadequate advice, poor service, or done something else wrong, and they’ve lost money as a result, a professional indemnity insurance policy pays your legal costs and the other expenses involved in defending the claim, as well as any compensation you have to pay to the client.
What’s covered?
As a management or business consultant, IT professional, recruitment agency, web designer, marketer, fitness professional or teacher, this type of policy offers essential protection:
- Covers you when you have to pay for correcting a mistake
- Covers your legal costs
- Can also cover intellectual property, dishonesty, defamation and loss of documents