September 2013

Professional Indemnity Insurance: The Basics

There is a common misconception that Professional Indemnity Insurance policies are standard and provide similar coverage. Unfortunately they are not; they must be carefully selected or tailored to suit your individual needs.

Large companies often have a better understanding of their exposures and policy differences and are aware that not all policies are the same. More often it’s the little guy that faces challenges. So where do you start? Do you go online or approach a broker and get two or three quotes and do you go with the expensive option? With a basic understanding of how these policies can vary and what to look out for you would be in a better position to know which product and provider is best for you.

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