Professional Indemnity Insurance

HWH provides independent insurance advice and solutions

Professional Indemnity insurance (PI insurance), provides cover for the legal costs and expenses involved in defending a claim, as well as compensation payable to your client if you are found to have given negligent advice or design in a professional capacity.

 

Certain professions, such as Financial Advisors and Accountants, have a legal requirement to have PI insurance in place. In most professions that provide advice or design as part of their service, there is now a expectation from the client that you will have PI cover in place.

 

 

You should consider PI for the following reasons:

 

  • You provide an expert service
  • In case you make a mistake in designs, plans, or calculations
  • You handle people’s information
  • You could face claims if you accidentally disclose data or infringe on a client’s legal rights
  • Many clients will require that you have Professional Indemnity insurance in place before you can start working for them
  • You might belong to a professional body or industry association where Professional Indemnity insurance is compulsory
About HWH Associates Ltd

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