PROFESSIONAL INDEMNITY INSURANCE

Protection for a business that provides a professional service.  Your customers rely on the professional service you provide and have expectations of the benefit to them.

At Meadow Broking, the Professional Indemnity team are specialists in the Insurance needs of Professional Service Providers and Advisors. ***We can often secure quotations and cover that others cannot!***

Contact our Professional Indemnity Experts to discuss the benefits to your business.

 

What is Professional Indemnity Insurance?

This type of Insurance Policy is suitable for businesses that are providing a professional and/or skilled service to customers for a fee – usually not providing a physical product.

The policy provides cover where a customer has “suffered a financial loss” – in simple terms this means your customer is out of pocket or lost money as a result of a failure or error in the advice or the professional service/skills you provided for them.

This type of insurance can get complex.  As a result and to help our client’s we have a dedicated team to deal with Professional Indemnity Insurance – call them direct on 01183 300 241 or complete our contact form

 

Professional Indemnity Claims Assistance

Please get in touch if you are seeking advice on how to deal with a claim, allegations or misunderstandings with your customer.

Many claims are unfounded allegations that have been made – mainly due to misunderstandings between the service provider and the client.  Even where you are certain that you are not at fault, you will still incur costs in dealing with the allegations.

We can help you and your business find the right path through the claims process.

To make sure your policy will step in and protect you, even when you have done nothing wrong, you need to make sure your Professional Indemnity Insurance has been arranged correctly.  This would include ensuring that the information provided to the Insurance Company is accurate – it is just an important for insurers to know how you work as well as what you do.

At Meadow Broking, we work with clients to get a full understanding of your activities and how these are carried out.  As a result you can be confident that any Insurance Policy arranged is appropriate for your business. 

 

Are your client’s refusing to pay your invoice?

Do you have a client who won’t pay your fee?  Are they doing this because they are saying you have not provided the service or results they expected?

Your Professional Indemnity Insurance policy will step in at the outset.  Once you have a policy in place, your Insurer will pay the legal costs to defend your business against the allegations.  Therefore you will have peace of mind that your business will not be affected, protecting your business and the balance sheet.

Where there is a fee dispute, some policies will provide cover and pay costs associated with the dispute – some insurers may even pay your outstanding invoice, where this is more economical than paying legal costs to deal with the dispute.

Contact us now for advise or a quotation.

 

More than just Professional Indemnity Insurance!

We can help with all your other Business Insurance needs – have a look at some of the additional policies we can arrange for you

TRADES / SECTORS

 

Some of the industry sectors we have helped with Professional Indemnity Insurance advice and quotations:

 

  • IT Technology
    • SAAS – Software as a Service
    • IAAS – Infrastructure as a Service
    • Software
    • Hardware
    • Fintech
  • Accountants
  • Architects
  • Property
  • Construction
    • Civil Engineers
    • Design & Build
    • Electrical contractors
    • Engineers
    • Heating engineers & Plumbers / HVAC
    • Lift Engineers
  • Media & Marketing
  • Life Science
  • Surveyors
  • AIM & Other Public Listed Companies
  • Environmental Consultants & Ecologists
  • Business Consultants
  • Management Consultants
  • Financial Advisors

HOW WE CAN HELP YOU

Are you looking for additional help in the areas below? – if so, please contact us.  Our skillful team have helped numerous businesses with these in the past.

  • USA contracts / Trading in the US
  • Contract requirements & Negotiations
  • New projects not insured by your current policy
  • Additional limit requirements
  • Collateral warranties
  • Start up / New ventures
  • Mergers and Acquisitions (M&A)
    

Many businesses find these need to be looked at together with their Professional Indemnity Insurance.  Therefore make sure to contact us for support in these areas.

PROFESSIONAL INDEMNITY INSURANCE FOR TECHNOLOGY COMPANIES

By working with us, you will have access to the specialist Professional Indemnity Insurance markets required for this industry.  As a result we can make sure appropriate covers are in place at the most competitive terms possible.

In addition, we can cater for all your Business Insurance needs, including Data Insurance, Cyber Insurance etc.  For more information, click here for details of some of the other Insurance policies we can help you with.

Our experienced team are here to help – contact them today!

Contact us now!

Fill out this form to receive expert advice and quotations