Professional Services Insurance
This specialised area of insurance covers liability arising from the ‘professional services’ provided by a business. Importantly, as the nature of modern business continues to change rapidly it’s no longer only for traditional occupations such as Engineers, Accountants, Doctors, Lawyers, Architects and Insurance Brokers.
Professional Indemnity should be a key consideration for any businesses that provides advice – from beauty therapists, book-keepers and building certifiers, to colour consultants and interior designers. If you hold a qualification and you provide advice, certification, testing or formulas on which other parties depend, then chances are there is a Professional Indemnity exposure. Arranging the correct type and level of Professional Indemnity cover can be complex.