professional indemnity
If you are a building contractor, professional indemnity insurance is often a pre-requisite for working with local authorities. We are able to source Professional Indemnity, Public Liability and Employers Liability for a wide range of contractors and trades.
Professional Indemnity insurance is important for contractors in the UK for several reasons:
Protecting against professional negligence claims: Professional Indemnity insurance can protect contractors against claims of professional negligence, errors, or omissions that result in financial loss or damage to a client.
Legal requirements: Some professional bodies and regulatory bodies require contractors to hold Professional Indemnity insurance as a condition of membership or to meet certain legal requirements.
Contractual obligations: Many clients require contractors to have Professional Indemnity insurance before they can be awarded contracts. This is because it provides assurance that the contractor can financially compensate the client in the event of a professional negligence claim.
Maintaining a professional reputation: By having Professional Indemnity insurance, contractors can demonstrate their commitment to providing high-quality services and protecting their clients against financial losses.
Peace of mind: Professional Indemnity insurance can give contractors peace of mind, knowing that they are protected against potential claims of professional negligence or error.
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Leslie B Holmes (Securities) Ltd Trading as LBH Insurance, is registered as a limited company in England and Wales under company number 00473495.
We are authorised and regulated by the Financial Conduct Authority (FCA)reference number 310578.