Professional Indemnity Insurance
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We can cover you for:
- Employee Dishonesty
- Loss of Professional Documents/Data
- Intellectual Property
Have any questions?Please call us on 0121 778 2044 to speak to a representative or send us an enquiry
“We have and will continue to highly recommend Arthur Marsh Insurance Brokers to any company/persons looking to work with a friendly, Professional Insurance body.”
Fiona Daniels, Director of Services - L. Daniels Property Maintenance Ltd.
Professional indemnity insurance is essential for any business that gives advice or provides professional services, or design services to any other business.
A professional indemnity insurance policy will cover your business in the event you are negligent or cause a situation whereby your clients business suffers financially.
This type of insurance will also cover you against issues pertaining to copyright, trademark, broadcasting rights and should also take care of the ensuing legal expenses.
Most UK businesses need a professional indemnity insurance policy to run legally and ethically. Professional consultants, medical professionals and legal representatives are certainly required to have an adequate professional indemnity plan in place. However, those in information technology, accountancy or consultancy positions and a whole host of other business niches require this type of cover too.
Professional indemnity insurance is broken down into three categories. The first of which will protect your business against proceedings brought about by negligence or errors caused by your company or it’s employees. This type of professional indemnity insurance cover is the most basic policy available. The second type of insurance cover protects the business from any losses incurred as a result of breach of duty. Lastly, the third type of coverage protects the professional indemnity insurance policy holder against any future civil liabilities.
The coverage provided by your professional indemnity policy will be governed by the size of your business and also the type of service you provide. When arranging your policy you should take into consideration the value of the service you are providing and also the potential financial shortcomings your client may experience should things not go as planned.
More often than not, the client will specify you have a minimum amount of professional indemnity insurance in place before they begin to work with you. Most UK government related businesses will only work with you if you hold a minimum of £5m in professional indemnity insurance cover in place.
Adjusting your policy
We understand that requirements change and we have streamlined the process of adjusting your policy when required. Our account managers are on hand to handle this aspect of your cover so you can be confident that policies are updated correctly and the cover that you receive is adequate.
Our claims service
Arthur Marsh has a full time Claims Manager who is experienced to deal with all Commercial and Personal Lines Claims and will endeavour to make your settlement as swift, fair and as stress free as we can manage. Further information about our claims service can be found here.