Professional Indemnity Insurance
Any company in the business of providing professional advice should have Professional Indemnity Insurance UK. Businesses have a duty of care to clients who rely on the accuracy of their specialist knowledge, and Professional Indemnity Insurance (PI) cover provides protection against claims from clients for losses generated as a result of incorrect or inadequate advice given.
Traditionally, Professional Indemnity Insurance cover was primarily purchased by established professions such as Accountants, Solicitors, Surveyors and Insurance Brokers. In the modern world of Management Consultants, IT, Media and Design & Construction companies, far more businesses have a need for this cover than ever before.
Many regulatory and industry bodies insist that their members carry Professional Indemnity Insurance, but even if it is not specifically required, you should still consider the need to protect your business and limit the financial impact that unexpected legal action from a client could have on your business.
Professional Indemnity Insurance policies cover damages and costs awarded, along with legal defence costs, and can reflect Worldwide business activities.
All of the insurance products that Lumley Insurance Limited offer can be tailored to your specific business and unique needs, and should help to bring business owners greater peace of mind should the worst ever happen to, or within, their business. Lumley Insurance work hard to ensure that all businesses are adequately covered by appropriate and comprehensive insurance policies (though rely on the business owner providing detailed information about the item(s) being insured), and use the extensive knowledge and experience gained from the last four generations working within the High Value Insurance industry to ensure our customers always receive the very highest quality cover and customer care.
How to proceed
Please note that our office opening hours are 8.30am to 5.30pm Monday to Friday, and that we aim to respond to your enquiry as soon as possible within these times.