What is the difference?

what is the differenceWhat is the difference?
What can a Charted Commercial Insurance Broker do for you and your business? Read on for more information…

It doesn’t take an expert to tell you that there are many different types of you will need to consider when it comes to running your own business. There may, however, be some confusion as to which types of insurance are best suited to your specific industry. This is of course, where our advice becomes priceless.

As a specialist Charted Commercial Insurance Broker, we here at Watson Laurie have quite the reputation when it comes to assisting businesses with seeking out the correct insurance policies and products. In today’s article we will be looking at two different types of insurance, and discussing their uses and benefits.

Public Liability Insurance – Public Liability insurance protects the policyholder against bodily injuries, or damage to a property – caused by a third party or the general public, or another business.

An example of Public Liability insurance is a scenario where a workman may accidentally break something of value whilst working in a residential property. It also offers cover if a visitor was to trip while attending a meeting at your office.

Professional Indemnity Insurance – In short Professional Indemnity insurance offers cover when advice or design work you have provided a client has been disputed. Your Professional Indemnity insurance covers the cost of defending against any claim as well as covering compensation or damages. A good example could be a situation where an accountant has offered advice which has lead the client suffer financial losses.

Professional Indemnity insurance is mostly associated with Estate Agents, Property Managers and IT companies to name just a few.
Of course, not all kinds of insurance are suitable for all businesses. This is where the assistance of a Charted Commercial Insurance Broker comes in handy.


Please provide us with a few brief details and one of our friendly, expert staff will come back to you, as soon as possible.

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