QuoteMeToday

October 04, 2011 01:00 ET

Professional Indemnity Insurance Can Protect Public Sector from Rising Negligence Claims

LONDON, UNITED KINGDOM--(Marketwire - Oct. 4, 2011) - QuoteMeToday are concerned about the rising negligence claims in the UK and have issued expert advice on the matter, from their standpoint as a highly experienced insurance broker.

The Telegraph reported last month that there has been a 30% increase in professional negligence claims against the NHS since the start of 2011. QuoteMeToday advise that all professionals should cover themselves with pi insurance but these figures suggest public sector workers in particular now need protection more than ever.

The report went on to explain how the NHS paid out £257m in just legal expenses over the last 12 months – on top of the £863m paid out to claimants in compensation. QuoteMeToday have spotlighted the issue as a clear example of how valuable malpractice insurance can be to professionals working in the public sector, which is particularly vulnerable towards the threat of claims.

If the professionals in these cases were not covered by PI insurance they could be held liable to pay for damages and legal fees themselves. With some lawyers charging nearly a thousand pound per hour, the overall price of an individual case could mount up into tens of thousands of pounds – a price QuoteMeToday argue is too much of a stake to risk.

A spokesperson for QuoteMeToday commented:

'The average PI insurance quote is nowhere near the amount uninsured professionals could have to pay should they be confronted with just one negligence claim. The insurance can also protect individuals from fraudulent claims which unfortunately are a reality in today's world. We welcome all professionals to use our expertise and network of insurers, to find the best quote suited to their specific job.'

QuoteMeToday are worried about the potential lack of awareness on rising negligence claims in the UK and are strongly encouraging professionals to cover themselves and enquire about professional indemnity insurance.

To find out more about negligence claims in different industries or to utilise the brokering service from QuoteMeToday visit their website www.quotemetoday.co.uk.

About QuoteMeToday

QuoteMeToday is a Kent based broker with years of experience in providing risk solutions for both the personal and commercial lines markets. In an industry where competitive rates, risk knowledge and customer confidence are essential, Quote Me Today offer these through a panel of insurers with a wealth of industry experience. Their relationship with these insurers allows them to quote competitive rates coupled with professionally tailored cover which provides the edge in placing your business at the right price without prejudice to your policy requirements. Visit their website at www.quotemetoday.co.uk for an instant quote.

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