Your office may need professional indemnity insurance because it provides financial protection in the event of claims made by clients or customers. These claims usually concern losses they have suffered as a result of your professional services or advice.
This type of insurance is particularly important for businesses that provide professional services, such as accountants, solicitors, or consultants.
Professional indemnity insurance can help cover the costs of defending against claims, as well as any damages or compensation awarded to the claimant. Without this type of insurance, your business could be exposed to significant financial losses, legal fees, and reputational damage.
Having this sort of cover in place shows that your business takes its professional responsibilities seriously and is committed to providing high-quality services to its clients.