Professional indemnity insurance protects professionals against claims made by third parties for losses suffered as a result of non-performance, breach of contract and/or professional negligence. Anyone giving advice or training should consider Professional Indemnity; it can also be known as Errors & Omissions.

Here’s what professional indemnity insurance can cover for you:

• Unintentional disclosure of confidential or copywritten material

• Defamation, libel and/or slander

• Professional negligence resulting in civil liability proceedings

• Loss of data and/or documents

• Legal expenses

Who needs Professional Indemnity insurance?

Whilst professional indemnity insurance is not a legal requirement in the UK some industry regulators, or membership bodies may require you to have it.

If you provide professional services or advice, then professional indemnity insurance could prove extremely useful.