Superb New Professional Indemnity Product

Moorhouse Group, a leading provider of business insurance for SME businesses, has launched a new competitive professional indemnity product for professionals giving advice to clients.  Professional indemnity covers a range of professions including air conditioning engineers, building contractors, civil engineers, dieticians, estate agents, electrical contractors, fire protection consultants, financial consultants, and website designers to name but a few.

Professional Indemnity insurance provides businesses with essential financial protection in the event that a client suffers financial loss as a result of alleged neglect, error or omission.  In these times of high consumer awareness clients are increasingly pursuing claims if they feel they have received a sub-standard service from an expert.  Below is just one of the many examples of claims faced by businesses:
‘Detailers prepared structural drawings for the erection of steelwork. It was subsequently alleged that the drawings contained errors and £110,000 was claimed for the costs of alteration and the resulting delays in construction’.

With the cost of professional indemnity cover increasing due to court awards rising sharply, Constructaquote decided the time was right to team up with Brit Insurance and launch an exclusive online competitive PI product.  The product allows you to get quotes, purchase cover and download the documents immediately.

The cover offers flexible limits up to £5 million, unlimited turnover cover, unlimited professional fees and retroactive dates.  Tim Larden, Sales and Marketing Director from Constructaquote.com, said ‘We believe this is a very competitive product with excellent cover levels for many professions.  Professionals cannot escape the need for PI insurance but we can help soften the blow with premiums from just £9.62 per month.

12/12/08