Professional indemnity insurance can offer protection in situations when you make an error in your work, or advice you give to a client that isn’t up to scratch. The client may file a claim against your business for compensation if they suffer financial loss as a result of this.
Faulty design of roof causes extensive water damage to a commercial property. The business occupying the premises must relocate whiles remedial works are carried out and lose business because of this.
As a professional you are selling your knowledge and expertise to customers – you may be doing so in a number of different ways including providing consultancy and advisory services and perhaps producing designs. Builders Professional Indemnity insurance can cover the cost of any ensuing compensation, the legal costs you might be faced with, and help to keep your business on its feet.
Professional indemnity insurance can offer protection in situations when you make an error in your work, or advice you give to a client that isn’t up to scratch. The client may file a claim against your business for compensation if they suffer financial loss as a result of this.
Faulty design of roof causes extensive water damage to a commercial property. The business occupying the premises must relocate whiles remedial works are carried out and lose business because of this.
As a professional you are selling your knowledge and expertise to customers – you may be doing so in a number of different ways including providing consultancy and advisory services and perhaps producing designs. Builders Professional Indemnity insurance can cover the cost of any ensuing compensation, the legal costs you might be faced with, and help to keep your business on its feet.
