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Professional Indemnity Insurance Defined

Professional Indemnity Insurance Definition

In Ireland, it is often a requirement for some professions to have professional indemnity insurance. If you offer advice or consultation for a fee and that advice leads to a financial loss for your client, then you could be sued for negligence.

What does it cover?

Professional indemnity insurance offers you cover if your client alleges that you failed to perform your duty and/or caused them financial loss.

Some of the most ‘at risk’ professions include accountants, engineers, business consultants including I.T. and financial.

If you are alleged to fail to meet the brief, or it is alleged to be inaccurate or simply substandard you may have to defend these claims whether they are true or false.

These legal costs can be expensive and thankfully a good professional indemnity policy will cover the cost of your legal fees.

Get the cover that is right for you

A policy that suits and accountant may not suit an architect. Each profession is different and will have their own specific needs. To get the policy that is right for you get in touch with a member of our team and we can assist you in getting the best cover for the best price.

Simply click the button below to go to our contact page or alternatively click here to get a Quote.