You need professional indemnity insurance if you:
• Provide expertise, skills or advice
• Hold clients’ confidential information
• Produce materials that could infringe intellectual property rights
• Provide a professional service
You need professional indemnity insurance if you:
• Negligence or breach of duty: should you fail in a duty of care to your customers, giving incorrect advice or making a mistake in your work.
• Defamation: libel or slanderous statements about a person or organisation.
• Breach of confidence: sharing confidential or sensitive information without consent.
• Court attendance: the costs to you of your directors or employees attending court in relation to a covered claim
• Advertising: mistakes such as making a misstatement.
• Sub-contractors and outsourcers: work undertaken on your behalf is treated as if it was done by you
• Dishonesty of your partners, directors, employees, sub-contractors, and outsourcers – claims made against you and your own direct financial losses
