Why is professional indemnity insurance necessary?

Today society is increasingly compensation-minded, and anyone who has defended a negligence claim will be aware that it can be an extremely stressful experience with very high costs. Insurance against such circumstances is a necessary requirement of professional practice. You can also use it as a great marketing tool to set you apart from your non-professional competitors. For these reasons and many more, professional indemnity insurance is a must have for any professional business or individual.

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