‘In every profession, claims by clients against the professional have multiplied astronomically. The veterinary profession is no exception. In consequence, insurers have become nervous about professional indemnity insurance while, at the same time, the need for the practitioner to be fully covered is greater than ever.’

BERNARD WELLS – Former BVA President

Miles Smith are an independent insurance broker based in the City of London, with direct and immediate access into Lloyd’s and all other major underwriters and insurers.

Professional Indemnity Insurance provides essential financial protection for a wide range of professional advisers. In the event that a client suffers financial loss as a result of alleged neglect, error or omission Professional Indemnity Insurance will meet the cost of defending claims and any damages payable.

Any person who gives advice, designs, or offers similar services in a professional capacity is seen by clients as an expert. In these times of high consumer awareness, clients will not hesitate to pursue a claim if they feel that they have received sub-standard service. The need for Professional Indemnity Insurance has never been greater.

While some professional people see Professional Indemnity Insurance as an expensive and unnecessary overhead, we know from experience that any professional can produce substantial claims. Court awards have risen sharply in recent years. Without insurance, the financial security of a business is threatened.

There is an unfair, though real, belief in certain areas, that some Veterinary Surgeons are not complying with their own Rules & Regulations as outlined in the quote above, thus highlighting the need to ensure that you are fully covered should anyone, for any reason, lay claim to any incorrect procedures, be it from yourself or someone else within your practice.

If you do not have Professional Indemnity Insurance cover, now is the time to consider again. We at Miles Smith are one of the only insurance brokers able to offer this service.

For more information, please contact Mike Seaman or Angela Man in our Professional Indemnity department.

HOTLINE:020 7220 4336 TEAM FAX: 020 7623 7813
mseaman@milessmith.co.uk
aman@milessmith.co.uk

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