Don’t let errors or accusations stop your business’ growth
Professional Indemnity and Directors and Officers Insurance
The importance of Professional Indemnity and Directors and Officers Insurance is often overlooked. While Professional Indemnity covers you for any errors that are made in your business, Directors and Officers protects your senior leaders and managers if it is alleged that they have committed a wrongful act.
If you provide professional advice or services as part of your business, both types of cover are equally as important.
Cover to catch you
Mistakes happen, but that doesn’t mean you have to be out of pocket
At Windrush Insurance Brokers, we understand that everyone makes mistakes. However, any errors, no matter how big or small, could be costly for your business if a client were to suffer a financial loss and take legal action against you.
Architects, Doctors, Engineers, Financial Advisors, Accountants, Private Investigators, IT Consultants and Journalists are all susceptible to having claims made against them, to name just a few vulnerable professions. While Professional Indemnity or PI Insurance can’t rule out the possibility of any mistakes happening, it does mean you’re covered if any clients are awarded compensation as part of a claim.
Safeguarding your management team
Take the lead and ensure you’re protected
Taking on the role of a Director or Officer comes with a lot of responsibility to your clients, people, members of the public and any investors, as well as regulatory bodies. While it comes with many exciting opportunities, it can also leave you exposed if any allegations of wrongdoings are lodged against you. In some cases, there can be serious consequences, including lawsuits, investigations and criminal prosecutions – even if you have done nothing wrong.
Directors and Officers Insurance, also known as D&O, provides you with a safety net, covering any defence or settlement costs, as well as legal representation.
To find out more
Get in touch
For assistance in arranging Professional Indemnity Insurance or Directors and Officers insurance to suit, our experienced advisors are here to help.