
The Benefits of Professional Indemnity
The Benefits of Professional Indemnity
The Benefits of Professional Indemnity
28 Jan 2019
PI is one of the most popular options of insurance among professionals, it protects businesses against errors & ommissions.
Why is Professional Indemnity Insurance a popular choice?
Professional indemnity insurance (PI) is one of the most popular options of insurance among professionals. Why? Well, it saves their business and their careers at the time of error or omission. When events such as negligence, incorrect advice, misrepresentation and even breach of professional duty take place, you’ll find most patients more concerned about their rights. It’s unfortunate but true; we live in a ‘no win, no fee’ world and when people are able to, whether it’s your fault or not, will look for any means necessary to see that they’re compensated for any wrongdoing. That’s why, to be on the safe side, it’s imperative that you’re protected with PI that stands up to the PII Regulations of 2013. To give you an idea, take a look at some of the benefits associated with PI.
The Advantages of Professional Indemnity
Financial Protection – lawsuits are expensive, plain and simple. With professional indemnity insurance however, you don’t need to worry. Defence costs such as lawyers’ fees, court, paperwork etc will all be taken care of. Should the claimant be granted compensation, you’ll also be protected against the cost of that too. Peace Of Mind – when you have the ability to carry out the professional services you were trained for with confidence, you’ll see far better results. Whether or not you find yourself held responsible or in the least, being blamed for someone else’s financial or reputational loss, while concerning, won’t be such a mental or financial burden to you or your company as your professional indemnity insurance will provide a helping hand in such scenarios. Increased Credibility – being insured with the help of professional indemnity insurance can enhance your brand image hugely. It not only assures clients and investors, but also shows you’re prepared, should you be held accountable or found at fault in a professional manner. Your clients will feel much more confident doing business with you overall. More Likelihood Of Winning Contracts – were you aware that some contractors and some government authorities have a condition or clause in place that requires indemnity in place in order to apply for tender? With the correct insurance in place, you immediately increase your chances of winning contracts such as these. There are also some professional bodies that make indemnity mandatory in order to perform certain services
How Servca can add value as your PI Broker
If you'd like more information on the Indemnity Insurance policies we have to offer here at Servca, from engineers insurance, to cyber technology, contact us today on 0207-846-9010. Our team are happy to talk you through all our specialist products whether you are a recruitment agent, lawyer, solicitor, or member of any other professional industry.
Why is Professional Indemnity Insurance a popular choice?
Professional indemnity insurance (PI) is one of the most popular options of insurance among professionals. Why? Well, it saves their business and their careers at the time of error or omission. When events such as negligence, incorrect advice, misrepresentation and even breach of professional duty take place, you’ll find most patients more concerned about their rights. It’s unfortunate but true; we live in a ‘no win, no fee’ world and when people are able to, whether it’s your fault or not, will look for any means necessary to see that they’re compensated for any wrongdoing. That’s why, to be on the safe side, it’s imperative that you’re protected with PI that stands up to the PII Regulations of 2013. To give you an idea, take a look at some of the benefits associated with PI.
The Advantages of Professional Indemnity
Financial Protection – lawsuits are expensive, plain and simple. With professional indemnity insurance however, you don’t need to worry. Defence costs such as lawyers’ fees, court, paperwork etc will all be taken care of. Should the claimant be granted compensation, you’ll also be protected against the cost of that too. Peace Of Mind – when you have the ability to carry out the professional services you were trained for with confidence, you’ll see far better results. Whether or not you find yourself held responsible or in the least, being blamed for someone else’s financial or reputational loss, while concerning, won’t be such a mental or financial burden to you or your company as your professional indemnity insurance will provide a helping hand in such scenarios. Increased Credibility – being insured with the help of professional indemnity insurance can enhance your brand image hugely. It not only assures clients and investors, but also shows you’re prepared, should you be held accountable or found at fault in a professional manner. Your clients will feel much more confident doing business with you overall. More Likelihood Of Winning Contracts – were you aware that some contractors and some government authorities have a condition or clause in place that requires indemnity in place in order to apply for tender? With the correct insurance in place, you immediately increase your chances of winning contracts such as these. There are also some professional bodies that make indemnity mandatory in order to perform certain services
How Servca can add value as your PI Broker
If you'd like more information on the Indemnity Insurance policies we have to offer here at Servca, from engineers insurance, to cyber technology, contact us today on 0207-846-9010. Our team are happy to talk you through all our specialist products whether you are a recruitment agent, lawyer, solicitor, or member of any other professional industry.



Global Headquarters
Servca Group
Dukes House
32-38 Dukes Place
5th Floor
London, EC3A 7LP
United Kingdom
+44 (0) 207 2250000
info@servca.com
Broker at Lloyd’s SLM1389
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Servca Europe
Dragonara Business Centre
Dragonara Road
5th Floor
St Julian’s, STJ 3141
Republic of Malta
eu@servca.com
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40 King Street West
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Non-regulated servicing company
Northern Ireland
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48-60 High Street
Belfast
BT1 2BE
+44 (0) 2895582000
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Broker at Lloyd’s SLM1389


© 2024 Servca
Servca Group Ltd is a private limited company registered in England and Wales; Registered Number: 7727494; Registered Office: Dukes House, 32-38 Dukes Place, 5th Floor, London, EC3A 7LP, United Kingdom. Authorised and regulated by the Financial Conduct Authority. Servca European Insurance Brokers Ltd (a private limited company incorporated in Malta and enrolled to act as an insurance broker); Tower Business Centre, Level 3, Tower Street, Swatar, BKR, 4013, Republic of Malta. Servca Canada Insurance Group Inc, a private limited company incorporated at 40 King Street West, Suite 2100, Toronto, M5H 3C2, Canada. Servca group of companies are owned and operated by Servca Group Holdings Ltd, a private limited company registered in England & Wales.
Global Headquarters
Servca Group
Dukes House
32-38 Dukes Place
5th Floor
London, EC3A 7LP
United Kingdom
+44 (0) 207 2250000
info@servca.com
Broker at Lloyd’s SLM1389
European Office
Servca Europe
Dragonara Business Centre
Dragonara Road
5th Floor
St Julian’s, STJ 3141
Republic of Malta
eu@servca.com
Broker at Lloyd’s (Brussels) SLM1883
Canadian Office
Servca Canada Insurance Group Inc
40 King Street West
Suite 2100
Toronto
M5H 3C2
Canada
canada@servca.com
Non-regulated servicing company
Northern Ireland
Servca Northern Ireland
River House Belfast
48-60 High Street
Belfast
BT1 2BE
+44 (0) 2895582000
ni@servca.com
Broker at Lloyd’s SLM1389


© 2024 Servca
Servca Group Ltd is a private limited company registered in England and Wales; Registered Number: 7727494; Registered Office: Dukes House, 32-38 Dukes Place, 5th Floor, London, EC3A 7LP, United Kingdom. Authorised and regulated by the Financial Conduct Authority. Servca European Insurance Brokers Ltd (a private limited company incorporated in Malta and enrolled to act as an insurance broker); Tower Business Centre, Level 3, Tower Street, Swatar, BKR, 4013, Republic of Malta. Servca Canada Insurance Group Inc, a private limited company incorporated at 40 King Street West, Suite 2100, Toronto, M5H 3C2, Canada. Servca group of companies are owned and operated by Servca Group Holdings Ltd, a private limited company registered in England & Wales.
Global Headquarters
Servca Group
Dukes House
32-38 Dukes Place
5th Floor
London, EC3A 7LP
United Kingdom
+44 (0) 207 2250000
info@servca.com
Broker at Lloyd’s SLM1389
European Office
Servca Europe
Dragonara Business Centre
Dragonara Road
5th Floor
St Julian’s, STJ 3141
Republic of Malta
eu@servca.com
Broker at Lloyd’s (Brussels) SLM1883
Canadian Office
Servca Canada Insurance Group Inc
40 King Street West
Suite 2100
Toronto
M5H 3C2
Canada
canada@servca.com
Non-regulated servicing company
Northern Ireland
Servca Northern Ireland
River House Belfast
48-60 High Street
Belfast
BT1 2BE
+44 (0) 2895582000
ni@servca.com
Broker at Lloyd’s SLM1389


© 2024 Servca
Servca Group Ltd is a private limited company registered in England and Wales; Registered Number: 7727494; Registered Office: Dukes House, 32-38 Dukes Place, 5th Floor, London, EC3A 7LP, United Kingdom. Authorised and regulated by the Financial Conduct Authority. Servca European Insurance Brokers Ltd (a private limited company incorporated in Malta and enrolled to act as an insurance broker); Tower Business Centre, Level 3, Tower Street, Swatar, BKR, 4013, Republic of Malta. Servca Canada Insurance Group Inc, a private limited company incorporated at 40 King Street West, Suite 2100, Toronto, M5H 3C2, Canada. Servca group of companies are owned and operated by Servca Group Holdings Ltd, a private limited company registered in England & Wales.