Even if you’re not legally required to have Professional Indemnity Insurance, it’s sometimes good to get it in order to reassure potential clients and for your own security. ‌ It’s a particularly popular insurance for businesses that give advice, provide a professional service, or handle client data and intellectual property. This is because, should events occur where it results that you’ve mishandled data or given the wrong advice, it can pay claims made against you for financial loss suffered by a client. ‌ Although PI cover is not compulsory by law, it is required by certain regulatory bodies (like us, in accountancy), and is often indispensable for certain professions. ‌ Hopefully you never need it, but it is nice to know it’s there just in case! If you think you need professional indemnity insurance and aren’t sure where to look, drop us an email and we can recommend a provider. ‌ #serviceprovider #sme #smallbusinessuk #professionalindemnity #publicliabilityinsurance #professional...