We can protect you from claims made by a client for professional negligence or errors made in the work you have done for them.
These mistakes can cost clients time and money, and they may choose to take legal action against you to recover their costs. Professional indemnity insurance pays the legal costs in defending you, as well as any compensation payments that may be due to your client as a result of your mistake.
It’s worth bearing in mind that even if you’ve done nothing wrong and a client makes an unfounded or spurious claim against you, it can cost significant sums of money to defend yourself. Professional indemnity insurance can cover you against such scenarios.
Getting professional indemnity insurance in Spain, Gibraltar or Portugal is important to ensure that you are covered if you are sued by a client when you provide advice, designs or professional services. In fact, it is a requirement of some membership bodies and regulators - if you’re a self-employed solicitor, financial adviser, accountant, or architect, for example.
Professional indemnity insurance can also cover the cost of your legal defence, compensation payments, any additional costs for rectifying an issue and loss of income as a result of the claim.