Professional Indemnity Insurance, often referred to as ‘PI insurance’ is a cover that is becoming more and more important for businesses to consider. PI insurance is designed to protect businesses for a failure in their professional skill, design and advice to a third party, for loss as a result of:
This list is not exhaustive and failure to select the right policy could leave a business exposed and lead to demands for huge pay outs, leaving business owners asking themselves, can I afford not to have professional indemnity insurance?