You don’t need us to tell you how risky the contracting business is in today’s climate of compensation and litigation. No
matter how careful you are, as a professional, there are eventualities and accidents which can’t be forseen.
Whether it’s a misunderstanding over contract deliverables, or perhaps loss/damage to the client, your business
could be financially crippled if an unhappy client decides to sue, even if you are not at fault.
Making your business safer
Hiscox Professional Indemnity Insurance, provides cover for liabilities that arise from professional advice or services
you provide. It is designed to meet the cost of defending claims made against you, including any damages you may have to pay.
Our proactive claims team with specialist knowledge in the contracting sector can help solve a problem quickly and
fairly – preferably before your client says ‘see you in court’.
Other risks that you’re protected for include:
- Unintentional breach of a written contract
- Infringement of intellectual property rights
- Client documents that are lost, stolen or damaged – this includes data
- Defamation claims (also known as libel and slander)
- Claims for work undertaken prior to the start of the policy which may arise after the policy
has started (this cover is optional and there is an additional premium charged)
Making your life simpler
We are the only insurer in the UK to provide a full online quote and buy service with the option to pay for your
policy online and download your policy documentation immediately. The entire process can take as little as
five minutes. That’s a tea break!
You can also ‘top-up’ your professional indemnity insurance policy with a range of other covers your business may need including
Public and Products liability, ‘all-risks’ office contents and computers, portable equipment, business interruption,
legal expenses and more.
In addition, you also benefit from:
- Flexible interest-free monthly, quarterly or annual direct debit payments
- Continuous policies to eliminate the need to undertake a time consuming renewal each year
- Free access to a Commercial and Legal helpline – for advice on contract, employment and other business matters
- Professional indemnity for a broad range of other professions including management consultants,
marketing and media, accountants, estate agents and recruitment consultants.
Policies start from around £10 per month for £25,000 of cover (depending on your turnover) however you can choose to
insure for up to £2 million at a maximum turnover level of £300,000. If your turnover is higher
than £300,000, please contact us on 0845 213 8900 for a bespoke quotation over the phone.
With Hiscox, confidence comes as standard.
Hiscox Insurance Company Limited is authorised and regulated by the Financial Services Authority. If your business
does not fit Hiscox’s underwriting criteria, we may refer you to a specialist broker.
For UK businesses only. Terms and conditions apply.