Professional Indemnity Insurance is designed to protect your assets and brand if your advice or services cause a client to take legal action against you. Anyone who provides advice to their customers or clients can be found liable for negligence if a mistake is made.
PI insurance is mandatory for some industries such as medicine, accounting, and law - with the requirements differing from state to state. In cases where it’s not required by law, it is often a customer requirement that you have this cover in place. It is also highly recommended for anyone who is providing advice in exchange for a fee.
Public Liability
Public liability protects you and your business against the financial risk of being found liable to a third party for death or injury, loss or damage of property or economic loss resulting from your negligence.
Product Liability
Products liability covers you and your business against the financial risk of being found liable to a third party for death or injury, loss or damage of property or economic loss resulting from the failure of your product or the products you are selling.
Contact North East Insurance Brokers today