Professional Indemnity Insurance Broker
At the heart of our service lies a commitment to safeguarding your company with tailored solutions as your go-to Professional Indemnity Insurance broker. We provide a partnership for risk-aware businesses.
Key features of Professional Indemnity Insurance
Why Paragon?
We provide Professional Indemnity Insurance (PI insurance) solutions to secure crucial protection against claims from errors, omissions, or negligence in your professional services. Essential for consultants, accountants, architects, lawyers, engineers, and healthcare providers, our PI insurance coverage mitigates significant liability risks, enabling you to deliver your services with confidence and peace of mind.
Why is Professional Indemnity Insurance crucial for your business?
Professional Indemnity Insurance is vital in protecting professionals and their businesses against the potential financial devastation from lawsuits or claims linked to professional errors. It provides essential peace of mind and safeguards your reputation and financial health, making it an indispensable tool for professionals in diverse sectors.
Professional Indemnity Insurance FAQs
Professional indemnity typically covers:
- Damages awarded for negligent acts, errors or omissions in undertaking your professional services.
- Breach of contract claims (sometimes excluded).
- Legal defence costs.
- Failure to meet industry standards or specific client expectations.
Yes, you can customise your PI policy. Most insurers offer various add-ons like covering the failure of technology products or liability arising from the provision of technology services.
Factors influencing the cost of PI insurance include industry, business size, revenue, claims history, risk profile, and desired coverage limits.