Who needs Professional Indemnity Insurance anyhow ?

Michelle Clarke Personal and Commercial Lines Executive Burke Insurances Ltd

Everyone owes a duty of care to show reasonable care and skill when they are engaged to provide a service to someone. If someone fails to exercise this duty (i.e. is negligent) they may be liable for losses incurred by their client, and/or third parties. The problem is that even if you are innocent it may be costly to prove it/ defend the allegation of neglect. That’s where Professional Indemnity comes in. Professional Indemnity insurance ( PI Insurance) is a type of liability insurance that provides cover for the financial (note that it is financial consequence only) consequences of neglect, error or omission by the firm taking out the policy. Want to know more ? – We don’t want to clutter the pages too much , but there’s lots more if you follow this link Click here to find out more

Malpractice Insurances

Just as we are on the subject of ‘Professional Insurance ‘ we should also mention another product in this area – It’s similar to Professional Indemnity insurance, but the policy wordings are refined to reflect the fact that someone may be injured (as opposed to purely suffering a financial loss) as a result of the professional services offered negligently by another. The people who take this cover out will typically be in the ‘care’ industry like medical professions , para medics , complementary medicine and the like . Check and see if we can give you a Quick Quote indication – Even if you can’t get a quick quote our Professional Indemnity and Malpractice team will be glad to quote you for whatever your request is