Directly pursuing the resources of an individual or company in the event of a loss

PI insurance is often a requirement of membership bodies/organisations however increasingly clients in all fields of business are stipulating that professional indemnity cover is required prior to contracts being granted. The protection is twofold, firstly, for the client who may not wish to have to rely on directly pursuing the resources of an individual or company in the event of a loss and, secondly, for the policyholder who can focus on conducting their normal business activities in the event of a claim as opposed to having to devote significant financial resources to try and defend any such claim.

For the purpose of further information pertaining to professional indemnity insurance take a look at http://www.freelanceinsure.co.uk