Professional Indemnity Insurance.
✓ Custom and tailored professional indemnity quotes from trusted insurance providers
✓ Save time and money on insurance
✓ Get all your policy documents direct to you
✓ Online support and on the phone
What is professional indemnity insurance?
Professional indemnity insurance can protect you if a client makes a financial loss because of your work. Professional indemnity insurance is also known as errors and omissions insurance. This includes mistakes in your service provided, compensation claims, contact disputes and intellectual property disputes.
Professional indemnity insurance is designed for professionals who provide a specialist service or advice, providing protection for financial loss and legal costs in the event of a claim. This claim may be a result of an actual or alleged negligent act, error or omission whilst providing your professional service or advice.
Coverages include:
✓ Copyright infringement
✓ Defamation, libel or slander
✓ Design flaws
✓ Providing your client with negligent or misleading advice
✓ Plagiarism
✓ Negligent content
✓ Erroneous advice
✓ Product disparagement
✓ Loss of or damage to documents
✓ unpaid client fees
✓ Legal Costs
✓ Reputational damage
✓ Claim investigation costs
What is typically not covered?
intentional damage or misconduct
professional fees refunds
contractual liabilities
Known claims or circumstances that may have occurred prior to the period of insurance
acts of fraud or dishonesty
accidental injury and property damage (these kind of claims would typically be covered under a public liability insurance policy)
Who needs professional indemnity insurance?
All businesses that enter into contracts with other businesses or third parties should look into getting professional indemnity insurance. This includes contractors, freelancers, sole proprietors that provide advice, consultancy or design services.
Why is professional indemnity insurance important?
If you’re advising clients, or helping them navigate complex financial or legal affairs, simple errors can cost a lot of money.
Some examples of situations when professional indemnity insurance can cover you include:
Giving incorrect advice
incorrect diagnosis or treatment
a miscalculation
loss of documentation
failing to meet a deadline
not meeting clients expectations
an act, omission or breach of duty
engaging in deceptive or misleading conduct
inadvertently defaming someone
How much cover should I have?
With Rosegate Insurance you can choose a variety of levels of cover from leading insurer’s.
You should think about the following when considering how much cover to get:
What are the potential risks and what could be the potential cost of a claim if something goes wrong?
Any statutory requirements for your profession
The value of projects you work on or the value of your services
The requirement of any professional body or association of which you are a member.
Why choose Rosegate for your professional indemnity insurance?
✓ Built for business (We know how businesses operate and we know insurance)
✓ Clear and competitive pricing (You can compare and choose from a range of highly competitive prices right there on your screen)
✓ Cover to match your needs (Tailor your policies from insurer’s to suit the needs of your business, and we are there to help)
✓ Online support and on the phone