David Allan

Expertly compared by David Allan

Products Updated June 4, 2018

Professional Indemnity Insurance For Gas Engineers

For gas fitters and engineers, there is always an element of risk that comes with the job. This cover will maintain the reliability of your business because it offers complete protection so that you can continue to work. If a claim is made against you, this cover will deal with any financial costs with defending your business or covering any compensation costs.

2 providers expertly compared:

Learn More
All credit types
Rated 4.8/ 5

Simply Business Why?
Why?

This provider is our Expert’s Choice in its category as it won tops marks for the following.

  • TRUST
  • VALUE
  • EXPERTISE & KNOWLEDGE
  • CUSTOMER SERVICE

Learn more about how we review and assess the providers here on Lending Expert.

Provider
Simply Business

Products
Small business insurance

speciality
Professional Indemnity Insurance

Simply Business is an insurance broker that specialises in helping small businesses get the professional indemnity cover they need to protect their business. Get a quote for a personal illustration.

2 providers expertly compared:

Available via broker only
All credit types
Rated 4.5/ 5

Hiscox

Provider
Hiscox

Products
Business Insurance

speciality
Professional Indemnity Insurance

Hiscox PI insurance is designed to protect anyone who could face claims and risks associated with such things as negligence, breach of contract, defamation. Cover is available for all business types including sole traders, partnerships and companies.

Professional Indemnity Insurance For Gas Engineers

For gas fitters and engineers, there is always an element of risk that comes with the job. Working with gas requires the right training and the right concentration because errors can prove costly in many ways. However, as with any trade, accidents occur and this can lead to clients making claims against your business based on negligence, error or omission. These claims can seriously harm your business financially and could even lead to your business ceasing trading. This means that professional indemnity insurance for gas fitters & engineers is crucial in a number of ways.

PI Insurance For Gas Engineers

PI Insurance For Gas Engineers

Having the right cover is what we can offer you because we listen to what you need and what your business does so we can assess how much cover you actually require. We can then put a policy in place that is tailored to your needs at a cost that offers complete satisfaction.

How does it work?

You have worked hard to turn you business into a success so why risk losing it all when a client makes a claim. This cover offers the protection you need so all costs are paid for enabling your business to function as normal. This is a policy that is created on a “Claims Made” basis and it is different to other forms of insurance. Whilst it offers protection whilst the policy is in place, it also offers protection should a client make a claim against work carried out during the time of cover even if the policy has expired. The policy will help you to meet all financial costs linked to defending yourself as well as those costs associated to paying compensation. As a tradesman, you offer a service and advice and this puts you at risk but this cover will help to give you peace of mind should anything go wrong and a claim is made against you relating to negligence, omission or error.

The features

This cover comes with the following features:

  • Your business will be covered instantly, providing your business with financial protection
  • Payments are not made until all claims are fully assessed
  • The policy will provide cover and protection for one year
  • You will soon realise that this is one tool your business can do without because the protection is crucial
  • If a claim is made, the policy will take care of everything allowing you to carry on running your business
  • You will still be covered even if a claim is made after the policy has ended, providing the work was carried out during the term time of the policy
  • The cover is tailored to the needs of your business as well as your budget
  • Indemnity limits to suit your business needs
  • Documentation loss is covered as part of the policy
  • Court attendance costs are covered up to an amount agreed
  • Payment options to suit your requirements

What are the benefits?

Your business will be able to take advantage of the following benefits:

  • Peace of mind because your business is meeting all legal and regulatory requirements
  • Financial protection
  • Defence costs and compensation costs are covered, leaving your finances in tact
  • Professional advice and legal representation is available if required
  • You can run your business stress-free knowing that this policy will cover you for any claims made against you
  • Clients will appreciate the fact that you have this cover in place because it will give the impression that you care about your work and your clients
  • There is no need for complicated policies so everything is kept simple

 

We are independently reviewed by our verified customers and web users:
Rating: 4.6 / 5 with 28 votes

Lending Expert is a credit broker and comparison website, we're not a lender.

We bring together the very best financial providers and products from across the market place.

Warning: Late repayment can cause you serious money problems.
For help, go to moneyadviceservice.org.uk