If you are in the business of selling your skills, knowledge or giving advice, it is necessary to consider your need for . This protects against compensation sought by clients if you have made mistakes or are found to have been negligent in some or all of the services that you provide. The policy will cover the cost of defending any allegations or claims made against the business, including legal costs.

Many professionals carry , indeed certain professions are required by regulators or their professional body to purchase this important insurance protection.

It is true to say that the policy coverage differs from profession to profession. For example defamation or copyright infringements are typically required extensions in publishing and advertising. However, in essence, the cover is there to indemnify the professional for legal fees and potential damages arising from some ?failing? on their part. Important issues to consider in the cover include the limits of the policy per claim and/or per policy year.