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Can you afford not to be protected?
Here are some real-life cases that show just how costly it could be...
- An ad agency inserted the wrong newspaper ad, leading to a claim for loss by low response, loss of credibility and the cost of inserting the correct advertisement. The cost of settlement? £25,000
- A management accountancy practice failed to alert their client to losses after an employee had falsified sales figures. The cost of settlement? £14,000
- A translator made an error in a technical brochure, and had to stump up reprinting costs and damages for the client's loss of business. The cost of settlement? £20,000
- A graphic designer adapted a drawing from a text book to use as a logo, and was sued for breach of copyright. The cost of settlement? £35,000
Fortunately for them, the losing sides in all these cases were covered for Professional Indemnity, which paid all their costs, allowing them to continue in business.
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