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Professional indemnity insurance (PII) is a kind of insurance that helps UK businesses and professionals deal with financial losses from claims of mistakes, negligence, omissions, or not giving good professional advice or services. Its important for businesses that offer professional services, like consultants, accountants, and healthcare professionals.
In the Uk professional indemnity insurance is a big deal for a few reasons. First, it helps pay for the costs of defending against a claim, like court fees and settlements if the business is found responsible. This is crucial to keep the business financially stable.
Second PII gives financial protection if a client loses money because of mistakes or negligence from the professional. This coverage is key for keeping trust and credibility in relationships with clients.
In the Uk professional indemnity insurance is a big deal for a few reasons. First, it helps pay for the costs of defending against a claim, like court fees and settlements if the business is found responsible. This is crucial to keep the business financially stable.
Second PII gives financial protection if a client loses money because of mistakes or negligence from the professional. This coverage is key for keeping trust and credibility in relationships with clients.
