Business Plan Help

Do I need Professional Indemnity insurance for my business?

It is advisable to have professional indemnity insurance, or PI insurance, if you give advice to your clients, or provide any type of professional service. A professional indemnity insurance policy will provide cover for compensation you may need to pay, and any legal costs you incur, due to negligence in you work.

Hiscox Insurance offers a range of industry-specific business insurance policies to suit the risks you face in your particular profession, and allows you to tailor your policy to suit the precise needs of your business. Visit their website to find out more about professional indemnity insurance from Hiscox.

Finding the right business insurance deal

Depending on the kind of business you are planning, you will need to look at different types of business insurance. If you are employing staff, you are required by law to take out Employers Liability Insurance and if the general public have access to your premises you will also need Public Liability Insurance.

The best way of finding a first rate policy with plenty of protection is to search online. If you need cover quickly you can get a quote and buy your commercial insurance policy online, from a broker such as Staveley Head.