In the UK, if your business provides professional advice or services (or both) to customers in the private or public organisations, to be taken seriously, you need professional indemnity insurance.

If you don’t and a client has a problem with your service, you could stand to lose a lot of money. It could even mean the end of your business. So it’s vital that you have the insurance in place to protect you.

When disaster strikes….

When you’re running a business, things sometimes go wrong. It’s important to plan for the unexpected because sooner or later, it happens. Freelancing might offer a lot of freedom, but it’s a lonely business if a client chooses to pursue a claim against you.

And it can happen for any number of reasons depending on what sort of business you’re in.

• Mis-selling
• Malpractice
• Negligence
• Infringement of intellectual rights
• Loss of earnings, data or documents

For whatever reason, if a project goes wrong, you can be held accountable, so it’s important to make sure you’re protected. The best way to do that is through a professional indemnity insurance policy.

Good advice can make all the difference

Of course, not all policies are the same. That’s why it’s important to get professional advice on the best cover for you. A specialist insurer such as Hiscox Professional Indemnity Insurance UK can do this for you. Since Hiscox Professional Indemnity Insurance UK is a specialist provider, they’re able to put together a policy that’s tailor-made for the type of business you operate. And because Hiscox Professional Indemnity Insurance UK already covers over 15,000 businesses, including consultants, planners and trainers, they’re ideal if you operate in a highly specialised niche area.