At a glance
- We've partnered with Insurance Business to bring you a series of 12 SME articles.
- While some professions are obliged to take out PI cover, many aren’t.
- In this article we discuss the importance of PI cover for SMEs.
In an increasingly litigious world, businesses must be prepared when it comes to the potential of facing professional indemnity (PI) claims – which can be costly and time consuming. For smaller companies with fewer resources, it could take just one complex issue to threaten the very existence of a business.
“There’s often some confusion over whether a public liability policy might cover professional indemnity exposures – which it doesn’t,” Jim Gaskin, financial lines manager at Zurich, told Insurance Business.
Click here to read the full article on Insurance Business.