If your business involves selling your knowledge or giving advice, you may need
Professional Indemnity Insurance.
This protects your business against compensation sought by a client if you have
made mistakes, found to have been negligent or if your products have failed to
perform their intended function. It also covers legal costs. You can choose
limits up to £5 million.
Public liability includes cover against death or bodily injury to third party
persons, or third party property from incidents arising from your business
activities.
Product liability covers the supply of goods to someone else which
through your negligence causes injury or damage. It includes solicitors fees and
all costs and litigation expenses, damages and claimant costs which you would be
legally liable for.
Limit of Indemnity is the maximum sum that the insurer will
pay for any event, occurrence or accident.