Professional Indemnity Insurance is a necessity for professionals engaged in offering advice or consultancy. It provides cover for claims caused by errors, omissions and professional neglect - situations that have the potential to end up in costly litigation and financial losses.

If you find yourself in dispute with a client, your Professional Indemnity policy will provide cover for the cost of defending any allegations or claims made against you.

A Professional Indemnity policy will provide protection against claims arising from:

• Breach of professional duty or civil liability
• Legal costs in the defence of a claim
• Liability for loss of documents
• Libel and slander
• Liability for unintentional breach of copyright

In addition to providing traditional policy covers, we can also offer policies that are designed to protect your commercial relationships, e.g. Mitigation of loss cover.

This is to avoid a larger claim being made under the policy where a project has gone wrong and will typically:

• Pay fees due to you where your client refuses to pay
• Pay the sub contractors you are committed to paying

Rectification costs

Pays the expenses incurred to rectify a breach of your professional duty even where your client may be unaware.

If you would like to obtain a premium indication, please email commercial.insurance@nwbrown.co.uk