Professional Indemnity Insurance issue

[plasticpig]

Terminator X said:

As a business owner why wouldn't you have PII regardless? If you ever get sued how were you planning to deal with it?

TX.

Interesting one. The only time my company came close to being sued for negligence one of the main factors for the client not pursuing the case was that we didn't have indemnity insurance. Our legal costs for a defence would have eaten all the money in the company and the client would be left paying a large legal bill with nothing to show for it!

[insurance_jon]

surveyor said:

I wish my PI would cost less than £700/ It is very business dependant in my experience.

Most people would cry if they saw our PI premiums

[bucksmanuk]

£651 for me
Although I sign off drawings and calcs.
It makes a difference.
Just tell them you do nuclear stuff......