Simply_Business
Junior Member
- Joined
- Mar 8, 2011
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Hi PC Electrics,
I work for a business insurer so I thought I would just quickly define professional indemnity (PI) insurance. The official wording we use at Simply Business is - PI protects you for any errors, omissions or neglect with regards to advice, designs or plans that you put forward that lead to a financial loss or injury on your clients part Linking this back to the PIRs you mentioned - if in any aspect of your work you put your name next to an item as being safe or legal - you will benefit from having PI in place. If you think of public liability as being there to pay out if you physically damage your clients property or person, PI is there if your advice causes them an injury or a loss.
If you have any questions please feel free to send me a direct message.
Kind Regards
Tim
I work for a business insurer so I thought I would just quickly define professional indemnity (PI) insurance. The official wording we use at Simply Business is - PI protects you for any errors, omissions or neglect with regards to advice, designs or plans that you put forward that lead to a financial loss or injury on your clients part Linking this back to the PIRs you mentioned - if in any aspect of your work you put your name next to an item as being safe or legal - you will benefit from having PI in place. If you think of public liability as being there to pay out if you physically damage your clients property or person, PI is there if your advice causes them an injury or a loss.
If you have any questions please feel free to send me a direct message.
Kind Regards
Tim
