At The Yorkshire Broker we know how important it is that, as a contractor or business owner, your operations are seen to be credible and trustworthy. It’s important that you can reinforce to your clients that you have the correct protocols in place to ensure that, whatever your trade or profession, the work you undertake does not place your clients’ operations, staff or customers at risk. However, sometimes things do go wrong, and professional indemnity (PI) insurance can give your clients and your partners’ additional peace of mind should a problem arise.
For contractors and business owners, it has never been more important to have a professional indemnity insurance policy in place. As a result of volatility in the economic climate, and an increasingly litigious society, it is likely that clients will be less hesitant to act in the event that something goes wrong. If your work, service or advice causes your client to suffer, be that personal injury financial or reputational loss, you need to ensure that you’re protected.
If you have heard about professional indemnity insurance but are unsure what it is or why you need it, read on to find out more.