Professional Indemnity Additional Information
The past 20 years have seen professionals become increasingly aware of accountability for their actions and practitioners ranging from doctors, lawyers, accountants, engineers and architects through to insurance brokers and real estate agents have recognised the need for this specialist insurance protection.
As a result of this increased accountability any professional person providing advice or services faces the prospect of having to defend themselves against claims, be they valid or otherwise.
The costs associated with legal representation can be potentially crippling, irrespective of any liability to compensate a third party.
In addition to any financial loss, the impact of prolonged litigation can play havoc with personal and professional reputations if not properly managed.
