Professional Indemnity Insurance is designed to protect professionals against financial losses resulting from alleged mistakes or negligence in their work. It covers the legal costs and expenses incurred in defending a claim, as well as any damages awarded to the claimant.
Professional Indemnity Insurance covers claims arising from professional advice or services, whereas Public Liability Insurance is for injury or damage claims by the public related to your business activities.
It’s essential for professionals who provide advice or services, like consultants, architects, IT professionals, and healthcare providers, to protect against claims of negligence or mistakes.
Generally, it covers legal costs, compensation claims, and damages due to professional errors, negligence, or misjudgments.
Consider factors like the nature of your work, business size, and potential risks to ensure adequate coverage.
Midas Insurance Brokers takes a detailed approach to customising insurance policies.
We begin by conducting an in-depth analysis of your professional activities, considering factors like the type of services you offer, the scale of your operations, and any specific industry-related risks. This allows us to understand your unique risk profile.
Based on this assessment, we then explore a range of insurance options from various providers, focusing on those that align closely with your specific needs.
Our goal is to ensure that the policy we recommend offers comprehensive coverage that addresses all aspects of your professional risk, providing you with optimal protection and peace of mind.
Reach out to us for a personalised consultation and discover the coverage that best suits your needs.
Yes, your policy should be reviewed annually or after significant changes in your business. Midas Insurance Brokers can assist in updating your coverage to match your current needs.
Simply fill out our form, and we’ll provide you with a customised quote based on your specific insurance needs.
Typically, quotes are provided promptly after all necessary information is submitted. Midas aims to deliver quotes as quickly as possible, often within 2 business days.
Midas Insurance Brokers offers a wide range of insurance solutions including Marine, Commercial, and Personal Insurance. We cater to specific needs with services like Marine Cargo Insurance, Business and Commercial Insurance, Cyber Security Insurance, Home and Contents, and Motor Vehicles Insurance, among others. Our goal is to provide comprehensive coverage across all aspects of your personal and professional life.