OMI PROFESSIONAL INDEMNITY INSURANCE
Professional Indemnity Insurance
If your business provides advice for a fee you have a responsibility to your clients and any breach of that responsibility could lead to a claim against you, causing serious financial damage to your business.
Professional indemnity insurance is designed to offer the funds and resources to defend an individual or a company against allegations of negligence.
Cover includes:
Breach of professional duty
Libel and slander
Breach of confidentiality
Breach of copyright
Loss of documents
Examples of some businesses that should have PI cover:
Quantity Surveyors
Professional Associations
PR Consultants
Marketing Consultants
Engineers
Architect
HR Consultants
Accountants
Research Consultants
Computer Consultants
Food Industry Consultant
Project Manager