What is Professional Indemnity Insurance?
Professional Indemnity (PI) insurance is designed to cover individuals and businesses engaged in professional services for claims of alleged negligence, omission, error or breach of professional duty.
In the sporting world, this predominantly means it is for coaches but PI is also useful for management consultants such as for sporting events. Providing first aid training as part of your activities is another example of when you should consider getting PI insurance.
If you haven’t used an insurance broker like Mann Broadbent to get your insurance, then it is worth checking your Public Liability cover smallprint – some insurers have what they call an ‘advice’ inclusion, or extension, to the public liability policy, which is effectively professional indemnity cover. If you’re not sure what cover you have or whether it’s the right cover you need, then contact us for advice and help.
Want to know more about the benefits of professional indemnity insurance? Here’s a short overview:
What could potential claims involve?
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