Professional Indemnity Insurance

If you or your business provide professional advice or services, then you are likely to need professional indemnity (PI) insurance.

Professional Indemnity Insurance provides and pays for legal defence costs in the event that a customer complains that they followed the advice, it was negligent, and they suffered a financial loss, even if there is no real basis for the complaint.  If there was negligence, Professional Indemnity insurance will also pay any damages awarded by the court.

For some Professionals, having Professional Indemnity Insurance is a mandatory requirement, whilst others it may not be a mandatory requirement, it’s a way to protect yourself and your business from large financial losses should a claim occur.

Lewis Insurance Services will work with you as your trusted adviser, to explain the risk exposures facing your profession and advise on appropriate insurance coverage, risk mitigation and risk transfer methods that can be utilised to reduce your business from suffering a loss. Finding out that you have inadequate cover after a claim has occurred is often too late, therefore it’s vitally important to address these matters at the outset before a loss occurs.

For many years, Lewis Insurance Services have been assisting professionals with their insurance needs. Leveraging our extensive experience, we are able to position ourselves within the market to negotiate cost-effective insurance solutions.

Lewis Insurance Services provide coverage solutions tailored advice and comprehensive insurance solutions without compromising

We work with you to tailor the right insurance covers for your professional services business to help provide the protection you need should the unfortunate occur where you suffer a professional negligence claim against you, or a loss, damage or theft to your stock, contents & equipment, and loss of income and increased operating costs following an insured loss such as fire, storm/water damage, theft, malicious damage, accidental damage etc.

Some of the Key Insurance Coverages to consider include;

• Professional Indemnity, providing protection for an actual or alleged act, error or omission in the professional service & advice provided to third parties.
• Management Liability, providing protection to the company directors for claims against them by third parties in respect of a wrongful act in running & management of the company, employment practices, crime/employee dishonesty, statutory liability/ workplace health & safety fine s& penalties
• Fire & Perils, for damage to your Property, Stock, Contents & Equipment
• Burglary & Theft of Stock and Contents & Equipment
• Business Interruption, providing insurance to protect your reduction in business income following an insured claim such as damage by fire or theft of contents and stock
• Glass: Breakage to your business premises windows & internal glass
• Public Liability, to protect your legal liability for claims against you by third parties for bodily injury & property
• Theft of Money following break-in or hold-up
• Machinery Breakdown, such as breakdown of air conditioners.
• Electronic Equipment Breakdown, such as breakdown of computers, servers, printers, audio/visual, phone systems
• Workers Compensation
• Motor Vehicles used in connection with your business
• Cyber Security, to cover expenses and loss of income following a cyber attack

Our aim is to help you get back in business quickly following a loss, so you can focus on doing business with your customers again.

How can I obtain a quote?
Call us on 07 3217 9015 to speak to one of our Advisers or contact us via email to find out how Lewis Insurance Services can assist you with your Professional Services insurance requirements