Fully covered?

Higher client expectations mean professional indemnity cover is now essential for a wider variety of businesses, though many may find themselves under-insured. J Ceri Welch suggests how to minimise exposure.

The line between prosperity and financial devastation becomes paper thin in the face of an unexpected professional indemnity claim. Unbeknown to many businesses, claims are frequent and onerous - often leaving companies reeling with heavy legal bills and priceless damage to their reputation.

Whether they are multinationals operating in the four corners of the globe or smaller, privately held firms or partnerships offering advice, design or similar services in a professional capacity, all