- Security: It provides you and your business with the peace of mind that if something does go wrong, you are protected
- Costs: Solicitors and legal fees can stack up very quickly, should you be required to defend yourself against an allegation of negligence. The defence costs of a professional indemnity will cover these.
- Contractual requirements: Client contracts will often make it compulsory for you to hold a professional indemnity policy, a professional indemnity policy will ensure you meet those requirements.
- Winning new clients: Having a decent professional indemnity policy can help demonstrate to clients that you’re serious about your business and professionalism.
- Business assets: If worst comes to worst and a mistake in your work causes a sizeable financial loss, your business will be required to compensate your client. If the compensation is sizeable it may result in the liquidation of your business.
Get a quote for insuring your public relations business.
