Professional indemnity cover can help protect you against the cost of defending or settling a client's claim of negligence or error on your part. It offers vital protection should someone want to seek compensation from you due to the work you have done for them.
For example, if a client claimed you gave incorrect advice that led to their financial loss, Hiscox professional indemnity insurance would cover the compensation owed up to the limit of your cover. People that could benefit from professional indemnity insurance include:
- Those that offer advice to clients
- Those with access to or knowledge of clients' confidential information
- Those that provide a professional service that could be challenged