What is Professional Indemnity Insurance

Being a new business or sole trader is a difficult step into the sector you’re trying to break into. Not only do you need to focus on the sector and how to stand out, but also the logistics behind any stable business. Insurance is a vital part of running a smooth business to prevent any disaster escalating to a point where it harms the business.

Professional indemnity insurance is an option for contractors, freelancers and small business to ensure their business can operate during any unforeseen circumstances that could end badly.

What is it?

If you offer a professional service to a client or customer, then you can have professional indemnity insurance. It’s a vital asset to have to protect your business regardless of size and status, if your client was to raise an issue with a breach of contract, non-performance or professional negligence than your PII insurance will help …