| Professional Indemnity Insurance and Errors & Omissions Insurance are very similar and essentially protect professional advisors from claims against them in the event that a client suffers financial loss as a result of alleged neglect, error or omission by you.
The need for Professional Indemnity Insurance is growing yearly. With more people relying on the company that is providing advice, designs or other services to deliver a 100% accurate service, the tolerance for errors or omissions has greatly reduced.
Cover can be provided to virtually any business in any sector, but premiums will vary based on the perceived level of risk. Clearly a business that prints leaflets in small runs will have a lower risk level than an architectural firm designing commercial structures, or indeed that of a cosmetic surgeon. Due to the often unique nature of any given business, there are often many questions that insurance companies will have, which can be extremely time-consuming, but without which a premium and cover cannot be finalised.
As a broker, we are able to do the hard work for you, researching the best policies at the right premiums and more importantly, when you need help, our specialised team can provide the personal and attentive help required to get the answers you need or to finalise a claim.
So contact Padraic Smith Insurance Brokers for all your insurance needs.