PROFESSIONAL INDEMNITY INSURANCE

This is an insurance policy that protects a business or person for the cost of compensating customers for negative effects like loss or damage following negligent services or poor advice given by a business or an individual.
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What is Professional Indemnity?

This is an insurance policy that protects a business or person for the cost of compensating customers for negative effects like loss or damage following negligent services or poor advice given by a business or an individual.

Do I need this cover?

Some professions must have Professional Indemnity insurance in place, and these include people employed in:

  • Legal work, such as solicitors
  • Architecture
  • Accounting
  • Some healthcare professions
  • Financial advice
  • Chartered surveying

Of course, many more professions and businesses choose to have a policy in pace to protect themselves against potential claims. It is important to note that claims for compensation can still be made against a business or individual even if that service or advice was provided free of charge.

Any organisation or individual who offers advice, knowledge, or skills to customers in any capacity, whether self-employed or as an employee should consider professional indemnity insurance. This insurance will also cover businesses and individuals who provide designs, instructions, and specifications.

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What is covered?

Professional indemnity insurance will cover compensation and legal costs should you be sued by a customer. Compensation can be paid for things like damage to property, personal injury, or financial loss, for example. Errors must have been unintentional and can include:

  • A breach of duty
  • Negligence
  • Errors and omissions of information agreed upon that result in additional costs to rectify
  • A breach of data protection or copyright
  • A breach of confidentiality that results in a financial or business loss
  • Defamation
  • Loss of sensitive, confidential, or important documents

Why choose Mark Richard Insurance?

When deciding on the right level of cover, our specialist team will consider exactly what your business needs are and find the best provider at the right price. Every business is different and there is no ‘one size fits all’ as every business faces unique risks. Therefore, a tailor-made policy is the solution.

Areas We Cover

Starting in Bristol and Bath in South West England, Mark Richard Insurance have now expanded and covers the whole of the UK for Home, Car and Business Insurance.

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OUR ADDRESS

Suite 10, Corum One,
Crown Way, Warmley,
Bristol, BS30 8FJ

PHONE NUMBERS

Commercial Insurance
0117 947 9510

Car & Home Insurance
0117 923 1330

Japanese Import Cars
01275 792 270

EMAIL MARK RICHARD

sales@markrichard.co.uk

WHY CHOOSE MARK RICHARD TO HELP YOU WITH YOUR INSURANCE QUOTE?
EXPERTISE & RELIABLE ADVICE
FRIENDLY & PERSONAL SERVICE
VALUE FOR MONEY
CLIENT TESTIMONIALS
Below is a selection of client testimonials recently gathered from new customers.
I would have no hesitation in recommending Mark Richard Insurance to others and will be using them again in the future for all my insurance needs as the service I received was personal and excellent.
A happy customer
Soon I will be renewing my policy for the 3rd consecutive year with Mark Richard Insurance Brokers knowing my company insurance will be yet again in good safe hands.
A happy customer
The professionalism and knowledge they had of the insurance business with over 20 years’ experience was clearly second to none, soon filling me with the confidence that the correct and best decision for my company would be to move my insurance to a local firm, offering a very personal service with a dedicated team member looking after my rapidly expanding company.
A happy customer
I have used Mark Richard insurance to insure the lease car which is used by my business. The whole process was effortless on my part and they made sure that everything moved along swiftly whilst we were able to carry out our usual business. They even liaised with the dealership in order to make sure the insurance started at the time the car was delivered.
A happy customer
You not only found a policy that matched all of the benefits but also saved us over £200 on our original insurance costs. Needless to say we are extremely pleased with your service and the excellent value that you provided us with.
A happy customer
As one of Bristol's largest independent coach operators, and family owned like Mark Richard, we are proud of our thirty-year working relationship. We are always pleased with the professional service we receive, and look forward to continuing our successful association.
A happy customer
It was soon very apparent that not only was Mark Richard Insurance Brokers very competitive with their price and tailor-made cover, but also on offer was a first class service to match.
A happy customer
I just wanted to say a huge thank you for your help in finding and arranging our new household insurance policy.
A happy customer
Having taken over the running of the Management Company for the block of flats where I live, I asked David to provide me with a quote for Building Insurance. When I told him who the current insurers were, he was confident of beating their price. Very quickly he produced a quote on a like-for-like basis, and he delivered - it was much cheaper!
A happy customer
We don’t come under a standard category and have certain requirements for insuring quite complex equipment. You were very clear and able to explain how each aspect related to us as a company. Not only were you able to offer more cover than our previous policy, you also saved us a huge £319.
A happy customer
Independent insurance brokers you can trust

Mark Richard Brokers offers insurance for motor trades, property owners, shopkeepers and home owners.

Our team of experts will be glad to help you with all your insurance needs.

60 years experience in the industry
We are an independent, community orientated company
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