For businesses that provide professional advice, consultancy, design work, or specialist services, reputation and expertise are often among their most valuable assets. Clients rely on your knowledge and recommendations when making important financial or operational decisions, which means even a small mistake or misunderstanding can lead to significant consequences.
Professional indemnity insurance, often referred to as PI insurance, is designed to help protect businesses against claims of negligence, errors, omissions, or breaches of professional duty. If a client believes your work, advice, or service has caused them financial loss, they may seek compensation, even if the allegation is unfounded.
To learn more, read our blog What Is Professional Indemnity Insurance? | McClarrons
