Professional Indemnity Insurance
Our professional indemnity insurance solutions cover businesses that offer advice, design, skills or knowledge in a professional capacity against legal liability to compensate third parties for injury, loss or damage due to a breach of duty in the conduct of their profession.
Solicitors, architects and accountants have been the main purchasers of Professional Indemnity Insurance, usually due to their regulatory professional body insistence. However, in recent times, products are required for most sectors due to the vulnerability of a claim being raised by clients and third parties.
Even if a claim against you is speculative, you will still need to respond, and this can be a costly and time-consuming distraction. In addition, most professional sectors are required either by a regulator, or their clients, to have professional indemnity cover in force and up to a specified limit.
What type of claims could you face?
- Breach of confidence – sharing confidential information without prior consent
- Defamation – making false or damaging claims about a person or organisation
- Infringement of intellectual property rights – for example, using content without prior permission
- Negligence – bad advice or a work-based mistake
Our appetite:
Sole traders, freelancers, contractors, limited companies and limited liability partnerships:
- Accountants
- Actuaries
- Architects
- Business Consultants
- Design & Construction
- Engineers
- Estate Agents
- Financial Advisers
- Financial Institutions
- Fintech
- Fund Managers
- Insurance Brokers
- Insurtech
- IT Professionals
- Media Professionals
- Medical Professionals
- Recruitment Agents
- Solicitors
- Surveyors & Valuers
This list is not exhaustive, as we place cover for a wide range of company types and can accommodate standard and the most complex risks.
Additional services:
- Directors & Officers Insurance
- Commercial Liability products, including Cyber
- Risk Management services
- 24-hour claims concierge
