What does a Professional Indemnity (PI) insurance policy cover?
Professional indemnity insurance (PI) is there for you when you make a mistake for which you are sued or investigated (or both).
Whether you’re a project manager or consultant, PI supports you in two main areas:
Covers costs associated with regulatory hearings, including defence costs
Pay any damages or settlements
People who sell themselves as having a certain skill set or expertise put their careers on the line every time they meet a client. When you take action on their behalf, you risk being sued.
Defence is vital when allegations are unfounded – your future prosperity depends on it. But if allegations are justified, then insurance is especially important.
You will need to assemble an experienced legal team at considerable expense – and even then, you may be liable for damages or need to settle out of court.
Contact us for more information.
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