Public Liability / Professional Indeminity
Liability insurance: Liability insurance safeguards you and your assets against legal actions taken by third parties for personal injury and/or property damage following an accident arising out of the conduct of your business. This insurance also protects your legal costs incurred in defending such actions against you which can be very costly – in some cases more than the original damage itself.
The standard public/products liability policy provides cover for:
- Physical Damage to your property or personal injury
- Legal cost and expenses incurred from defending yourself and your business
However it does not generally cover:
- Financial loss only where there has been no injury or damage to property
- Fines & penalties from government authorities
Professional indemnity:
Professional indemnity insurance is designed for professionals who provide advice or services to their customers. It protects your business against legal costs and claims by third parties for damage arising from acts, breaches of professional duty in the course of your business.
Professional indemnity policies provide cover for
- Defence cost associated with cover claims
- Misleading and decisive conduct
- Court attendance cost
Professional Liability Insurance is an important part of your business risk management which your business may one day need including:
- IT Liability
- Directors & Officers Liability
- Management Liability
- Association Liability
- Tax Audit
We can provide specialised extensions (in most instances) that will give you added protection. For professional advice and an obligation free quotation call us today.
