Key Person insurance
What is Professional Indemnity Insurance?
Professional indemnity insurance covers you for any legal costs or compensation claims that may arise. This is normally following an incident of negligence within the workplace.
Professional indemnity insurance is needed if as a business you handle data, give advice, or have intellectual property of a client. It can also be needed if a customer has claimed you have provided poor services or advice to them.
It will also cover the business for numerous other things such as:
- Loss of documents/data
- Loss of goods/money that the business is responsible for
- Breaches of copyright
This kind of policy is used in order to offset any claims or fees to your insurer. This is due to the high costs that can occur as a result of any claim or legal action that can take place.
REQUEST YOUR FREE consulation
Contact Us
Our Office is open 9am-5pm from Monday to Friday. Please contact us by either phone or email, using the contacts below.
Finance Advice Centre Ltd is an appointed representative of Finance Advice Group Ltd, which is authorised and regulated by the Financial Conduct Authority in respect of mortgage and insurance mediation activities only. Finance Advice Group Ltd is entered on the Financial Services Register https://register.fca.org.uk/ under reference 624517.
Some types of buy to let mortgages are not regulated by the Financial Conduct Authority.
As a mortgage is secured against your property, it could be repossessed if you do not keep up the mortgage repayments.