Professional Indemnity and E&O Insurance

When Things Go Pear-Shaped – and it’s your fault

If your work involves selling your knowledge, services and expertise to others, then Professional Indemnity insurance (PI - sometimes also known as Errors & Omissions or E&O Insurance) is a must. It’s an essential piece of armour for anyone who could be sued for making a mistake.

In this everything-by-yesterday world, even the most respectable company can find itself in dispute with a client over an error, a delay or alleged breach of contract. 

PI/Professional Indemnity insurance provides indemnity for losses you are legally liable for if you make a mistake or are negligent, or if your product or service is defective, inadequate or fails to perform.

What if...

Allegations are unexpectedly made against your business for:

• Negligence or breach of duty of care.
• Negligent mis-statement & defamation – unwitting or intended comments.
• Infringement of intellectual property rights including copyright, performance and broadcasting rights.
• Breach of contract.
• Dishonesty of your partners, directors, employees or freelancers.

Failure to defend your business adequately could cause irreparable reputational damage - not to mention the financial implications.

Professional Indemnity Insurance helps with:

• Indemnification and Defence costs: legal expenses cover to defend your cause in a dispute - right through to the High Court, if necessary.
• Rectification: The insurer may pay to rectify the problem to mitigate costs and avoid an expensive liability claim.
• Outstanding fees: If a dissatisfied client threatens legal action and defaults on fee payment, the policy can cover outstanding fees.

We can help you review your contractual obligations to identify the extent of indemnities that your clients require.