Simply put, if you make the decision to operate without the adequate professional indemnity insurance you are leaving your business open to financial claims and legal proceedings from your clients and other potential third parties.

The costs of an insurance premium could prove significantly cheaper than a claim which could very quickly reach hundreds of thousands and in serious cases, even millions of pounds; all of which you could be held liable to pay. The cost of a claim, if you don’t have insurance could ultimately end up costing you your business.