Protect your business with professional indemnity insurance

Starting a business is fulfilling, but managing a business can be risky, especially if you run an advisory and consultancy business. If a client builds a case against you, your business should be prepared to handle the impact.

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What is professional indemnity insurance

Professional Indemnity protects businesses from liability and potential costs and expenses resulting from alleged errors, omissions, negligence, misleading statements, or breach of confidentiality while rendering professional services.

Cover starts from S$2,000 per year.

What does professional indemnity insurance cover

Occurrences that happened in the course of providing the professional services:

  • Unintentional defamation
  • Unintentional infringement of intellectual property
  • Loss of documents under the care of the business
  • Expenses for legal representation at investigations
  • Liability arising from joint ventures

Types of business that should get professional indemnity insurance

  • Businesses that provide advise and professional services to customers.
  • Companies that manage data or intellectual property of clients.
  • Companies that have contracts with large clients that can afford to take legal action against your company.
  • Companies that outsource work to subcontractors.
  • In some cases, clients will require their contractors to have Professional Indemnity as part of the contract.

Why does professional indemnity insurance matter

  • Professional indemnity insurance provides you with protection against allegations of malpractice, negligence and professional misconduct
  • This product also offers extension for crisis communication to protect your business’s reputation.

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Frequently Asked Questions

Professional services rendered are prone to human error. Having professional indemnity insurance will mitigate the risk and reduce the financial impact resulting from such inevitable and unexpected errors. 

No, the insurance can also apply to other service providers or consultants, such as real estate agents, sports instructors, and marketing consultants.

Still wondering if we are able to support your project?

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100% Satisfaction Guarantee

Our refund policy:
We care about you – within 60 days from your purchase, if you’re unhappy with our services, we’ll refund our fee. Email or call us, and we’ll process the refund within five working days.

What it doesn’t cover:
We will not be able to refund Government fees once the application has been submitted, nor any third-party processing fees.

When it applies:
We cannot guarantee any specific legal outcomes when you use our services. For instance, a company registration might be filed correctly but still get rejected by the Company Registry for reasons beyond our control. We can only refund our fees for issues we are directly responsible for. In the case that you purchase a service and later change your mind, we can’t issue a refund.

Our customer support team is at your disposal for any questions or issue you may face.

Need help?

Our sales team is available from Mon - Fri 9am to 7pm (Singapore Time)

How would you like to start?

We take care of your needs from start to finish. From incorporation, accounting, corporate secretary, insurance and setting up your business account.

Already have an existing business? Transfer to Sleek to take advantage of our all-in-one platform and save yourself countless hours. 

Register your business

We take care of your needs from start to finish. From incorporation, accounting, corporate secretary, insurance and setting up your business account.

Transfer your business

Already have an existing business? Transfer to Sleek to take advantage of our all-in-one platform and save yourself countless hours. 

How would you like to start?

We take care of your needs from start to finish. From incorporation, accounting, corporate secretary, insurance and setting up your business account.

Already have an existing business? Transfer to Sleek to take advantage of our all-in-one platform and save yourself countless hours. 

Register your business

We take care of your needs from start to finish. From incorporation, accounting, corporate secretary, insurance and setting up your business account.

Transfer your business

Already have an existing business? Transfer to Sleek to take advantage of our all-in-one platform and save yourself countless hours.