Professional Indemnity Insurance Ireland
Safeguard against claims of professional negligence.
Every business that provides advice or professional services is at risk of claims of negligence, even when their services are provided free of charge. The right professional indemnity policy can help you to mitigate this risk.
Established in 1993.
Over 100 years' experience.
10 dedicated team members.
Over 1,000 Irish customers served.
Professional Indemnity (PI) Insurance
Professional indemnity insurance is a vital protection measure for any business that provides advice or services in a professional capacity.
A PI policy will cover you for damages and costs in relation to claims of professional negligence or incorrect advice.
While not a legal requirement, many sectors are strongly recommended to have a PI policy in place, and many don’t realise how vital they are.
Think your business would benefit from having a strong PI policy in place? Get in touch and let one of our experienced team take care of the rest.
Simply fill out our contact form, email us at sales@ermfinancialservices.ie or call us now on 01 845 4361.
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Professional indemnity insurance covers you for legal costs and compensation that arise from claims of negligence or bad advice that results in financial loss.
Civil Liability
If a client or end-user suffers financial losses because of any advice or information you provided, your PI policy covers legal costs, awards and settlements for your business and your employees.
Breach of Confidentiality
If your client has entrusted your business with personal or confidential information and these are unintentionally shared without their permission, your PI policy will cover any resulting claims that arise.
Defamation
You may accidentally damage someone’s reputation in the process of conducting your business, resulting in legal action and compensation being awarded. Your PI insurance will cover these costs up to the value of your cover limit.
Copyright/Trademark Infringement
If your advice unintentionally suggests your client should copy or produce a derivative of another work, you may be pursued by the copyright holder or by your client for any loss of income therein.
Loss of Documents
Your PI policy covers the cost of replacing or restoring documents that are damaged or lost while left in the care of your company.
Formal Investigation
If you are investigated by your professional or regulatory body, your PI policy will help defend any resulting legal action that is brought against you.
Employee Dishonesty
Provides cover if your customers suffer a loss caused as the result of a dishonest or fraudulent act by a member of your team.
Disputed Fees
Your PI policy provides you with cover for legal fees if you seek unpaid fees and your client threatens to counter-sue you if you pursue them.
Pollution
This can be added to your policy if advice or designs provided by you or your business result in environmental damage.
Why choose ERM Financial Services for Your Professional Indemnity insurance?
Service, expertise, advice and competitive quotes that you can rely on, since 1993.
- Cover For All Professions
- Tailored Insurance Products
- Competitively Priced
- Dedicated Account Manager
- Over 100 Years Experience
Professional Indemnity Insurance
Who needs professional indemnity insurance?
Professional indemnity insurance isn’t a legal requirement, but it may be compulsory depending on your line of work. Some professional bodies will require their members to hold professional indemnity insurance including solicitors, accountants, architects, chartered surveyors, financial advisers and also insurance brokers like us!
The following list is by no means exhaustive but they are examples of professions that frequently have professional indemnity insurance needs:
