Professional Indemnity and E&O Insurance

Professional Indemnity and E&O Insurance

When Things Go Pear-Shaped – and it’s your fault

If your work involves selling your knowledge, services and expertise to others, then Professional Indemnity insurance (PI - sometimes also known as Errors & Omissions or E&O Insurance) is a must. It’s an essential piece of armour for anyone who could be sued for making a mistake.

In this everything-by-yesterday world, even the most respectable company can find itself in dispute with a client over an error, a delay or alleged breach of contract. 

PI/Professional Indemnity insurance provides indemnity for losses you are legally liable for if you make a mistake or are negligent, or if your product or service is defective, inadequate or fails to perform.

What if...

Allegations are unexpectedly made against your business for:

  • Negligence or breach of duty of care.
  • Negligent mis-statement & defamation – unwitting or intended comments.
  • Infringement of intellectual property rights including copyright, performance and broadcasting rights.
  • Breach of contract.
  • Dishonesty of your partners, directors, employees or freelancers.

Failure to defend your business adequately could cause irreparable reputational damage - not to mention the financial implications.

Professional Indemnity Insurance helps with:

  • Indemnification and Defence costs: legal expenses cover to defend your cause in a dispute - right through to the High Court, if necessary.
  • Rectification: The insurer may pay to rectify the problem to mitigate costs and avoid an expensive liability claim.
  • Outstanding fees: If a dissatisfied client threatens legal action and defaults on fee payment, the policy can cover outstanding fees.

We can help you review your contractual obligations to identify the extent of indemnities that your clients require.

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“Great advice, concise proposals and a good price”

Andrew P

 

Ready to work with us?

You can call us to talk more about your business on +44 (0)1223 200650 or +44 (0)20 3865 0149

What's Covered?

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About La Playa Science & Technology

Specialist & Independent

Specialist & Independent

La Playa's specialist Science & Tech team can help you protect your business with smart, flexible, high-performance insurance - with a friendly human UI. We understand the risks and pressures you face - and we speak your language.  We’ll support you with great advice - helping you make good decisions for your business. 

In-house IFA

We also offer Business Protection (including Key Person Insurance) and Employee Benefits: a joined up approach with a team of advisers working for your best financial interests - all under one roof

Advice You Can Trust

…from an expert who understands you

Tech-based business is 24/7, global and borderless, exposing you to new risks and liabilities - often in unfamiliar places. As the law struggles to keep pace with technology, insurance can provide a real safety net if you fall foul of changing legislation.

  • Specialist insurance for science and technology
  • Independent professional advice
  • Relationship-based service: right beside you when you make a claim
  • “Can do” culture
  • Seamless insurance across UK and US
     
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Hanna Beaumont FIRM

DIRECTOR, SCIENCE AND TECHNOLOGY

Direct Dial: +44 (0) 1223 200664

Mobile: +44 (0) 7795 473071

Email: hanna.beaumont@laplayainsurance.com

Twitter: @HannaBLaPlaya