Professional Indemnity Insurance

If your work involves providing goods or a service to others, the chances are you should already have high quality professional indemnity insurance in place. Without adequate cover, you could leave yourself open to a legal action in the event of something going wrong, and depending on the size of the claim it could be financially crippling to you. To put it in simple terms, if you should have such a policy and decide not to, you’re leaving yourself open to a gamble that could go horribly wrong at any given moment.

Even if a situation is only partly down to you, or perhaps someone else working on your behalf made the actual error, you could end up being wholly responsible for the whole thing. Potential issues can include a claim of negligence against you, a client accusing you of missing an important deadline, a rival saying you have infringed their intellectual property rights or perhaps one of your appointed contractors stealing something from a client. As a general rule, it’s also worth noting that in legal terms negligence doesn’t have to be proved to be deliberate.

There could be instances of you or someone working for you saying something defamatory about your client, or you might unwittingly share information that the client considered to be confidential. Incidents could occur without you even being aware of them, and if they lead to compensation claims you could face hefty legal bills as well as the need to settle the claim. For a relatively low cost, you could have the peace of mind that comes from knowing you have an effective professional indemnity insurance policy in place at all times.

Here at Scott Fyffe Wealth Management, we can tailor cover just for you and your company. We can create a policy that matches your needs and your budget perfectly, leaving you free to focus on other aspects of your business. The commercial world is a competitive one these days, so we can do all the legwork on your behalf, and will be more than happy to explain what is and isn’t covered in your particular policy. It’s important to remember that many professional organisations will only work with individuals and companies that have indemnity insurance already in place.

More and more of our clients and customers are expressing an interest in ethical financial products and services, and this is something we’re always keen to acknowledge and encourage. If your personal moral convictions are strong as well, you might want to talk to us about how to help organisations that develop better community relations, that do less harm to the environment, that don’t deal with controversial government regimes or that adhere to fair trade practices.

Every one of our clients is a unique case, and as such has a very specific set of requirements. We work alongside knowledgeable and highly skilled partners in order to provide a bespoke approach to professional indemnity insurance. To find out more about cover from Scott Fyffe Wealth Management or any of our other products and services, the process begins with a single phone call to 01382 721 191 or a message via our Contact page. It’s reassuring to know that you and your company can find high quality cover so quickly and so easily. We look forward to hearing from you in the very near future.