Almost all UK professionals are required to have a PI insurance cover as a regulatory requirement or just as a part of their professional authorization. You may be a doctor, lawyer, accountant, freelancer, broker, or financial, the chances of your service going wrong is equal! It is only advisable that be PI Insurance covered. The cost of running a legal case have become so high these days in UK, that without having a PI Insurance, one single claim can financially dislodge your business forever!
As a UK professional, you can get PI Insurance as a Freelancer or for your company with even 5 employees and a turnover of £ 500,000! Almost all service – providing individuals must have a PI insurance, this helps to also germinate your reputation, and establish a good relation with your clients too! But make sure you take your insurance from any of the reputed insurance providers of UK. Chances are that you can be misled! There are almost 3,500 broker firms in UK, but only 70 of them are accredited as a Chartered Insurance Broker. PI Insurance is claim-based and also every policy is specifically designed for specific professions! You also have the opportunity to get a PI quote online without the hassle of lengthy legal paper works, and that too in no time!
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