Professional Indemnity

 

This type of Insurance covers the professional liability of a company and individuals caused by negligent errors and omissions arising from the conduct of their business or profession.

The Risk: For professional activities such as technological companies, law firms, accounting and engineering firms through to such activities as management consulting and investment advisors. The risks associated with the provision of a service include allegations of negligence, wrongful acts and errors or omissions arising from the conduct of business.

As the commercial environment becomes ever more litigious, the risk increases. Organisations are currently subject to greater regulation than ever before, making the risk of a compliance oversight more likely. It is also well known that when allegations are launched, no matter how spurious, the cost of the legal defence and any subsequent settlement can prove catastrophic.

The Solution: We provide specialist products to cover loss arising out of claims alleging negligence of the Insured's in the provision of, or failure to provide, professional services.

We provide specialist cover for all professions, including: Accountants, Architects, Consultants, Engineers, Financial Services, Independent Financial Advisers, Insurance Brokers, IT Consultants and Companies, Law Firms, Management Consultants and advertisers.


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