Professional Indemnity Insurance
We fully trust you ought to believe in your skill and trade. Yet, with regards to work, everyone commits errors. Professional indemnity insurance – or PI insurance for short – is there to ensure you if your customer endures a monetary misfortune through your work.
Professional Indemnity Insurance cover, takes care of the legal charges that you incur when you have to defend yourself or your practice against a client who claims to have suffered either financial or professional loss as a result of their application of your professional advice or recommendation.
Numerous professionals, for example, advisers, bookkeepers, IT contractual workers, architects and surveyors – can likewise purchase professional indemnity insurance as a cover to protect themselves.
What PI covers against:
Professional indemnity insurance can cover you in the event that a client loses money as a result of negligence in your services, advice or management. It can cover you for any legal fees, compensation and financial loss that your client has suffered. Professional indemnity insurance covers you for the following (but not limited to):
- Professional carelessness or making a mistake in your work or giving incorrect advice.
- Copyright infringement
- Unintentional breach of confidentiality
- Loss of documents
- Damaging a company’s reputation
Professional indemnity insurance is a must in the current world of litigation. If you are an accountant, solicitor, or architect, professional indemnity insurance indemnifies you against any acts of negligence towards a third party to whom you owe a duty of care.
If you would like to discuss professional indemnity insurance and how we can help you implement the right approach then please call us on 0161 241 5241
How we help our clients
We work with companies to fully understand their business processes making us better equipped to identify the potential risk issues. We do this by understanding the risk profile of a company, selecting the right insurer who fully understand the risk profile, ensuring that the policy wordings are correct and fully understood and provide a professional approach, leading an underwriter to provide cover at a reduced premium due to the way the risk has been presented.
Why choose us
- Member of the British Insurance Brokers' Association
- Regulated by the Financial Conduct Authority
- Access to a products from leading insurers
- Expert knowledge and advice on all types of insurance
- Provide full support in the event of a claim
- Tailored solutions to your needs
- Dedicated account managers to represent your interests
- Certified Insurance Professionals
- UK Broker Awards 2017 Finalists
- Thousands of happy customers across the UK
We are Riverdale Insurance
A member of the British Insurance Brokers’ Association (BIBA) and regulated by the Financial Conduct Authority (FCA), Riverdale Insurance is an independent insurance broker with access to all the leading insurers in the UK including Lloyds of London.
Riverdale Insurance gave us their full support in managing our claim and did a fantastic job. They have been easy to work with. We highly recommend Riverdale Insurance for their service, support and offered us the best quote in the market.
Riverdale Insurance are very knowledgeable and the level of service was excellent. They are always available to advise and assist whenever needed. Extremely professional and highly recommended.
NGS Group Ltd
We was referred to Riverdale Insurance by a third party company. We have never looked back since, because the service and insurance coverage that they have afforded us surpasses any that a competitor can meet. Riverdale Insurance is an outstanding company.