Of the various types of professional business insurance that is available, one that causes some confusion is professional indemnity cover. Professional indemnity insurance is especially suited to professionals that provide services to clients or offer a consultancy service.
It helps to protect you against possible actions taken by customers that feel the actions of your business have led to a loss in money or have had other negative effects on themselves or their businesses.
Professional indemnity cover actually covers the business professional for various things. It also protects against unintentional breaches of security and against accidental copyright infringements.
In the crowded marketplace that exists today, many products, services, companies, and names and marketing ideas are copyrighted and it is a lot easier now to accidentally overstep the copyrighted mark.
Professional indemnity cover protects you and your business from such incidents.