Professional Indemnity

A type of coverage that protects professionals from financial losses due to claims of negligence, errors, or omissions made while providing their services.

Cover Overview

If you are providing a service to a client, then that client has the right to rely on you having the appropriate knowledge & skills to be able to perform the services being contracted. If you fail in providing the necessary knowledge or skills or show a lack of duty of care towards the client which causes a financial loss, they may look to recover their losses by taking you to court. Our Professional Indemnity policy would respond to these allegations and act on your behalf to negotiate a reasonable settlement.

Even if you have not been negligent, the legal costs alone in proving your innocence can run into the thousands and again, your Professional Indemnity policy would cover these legal costs, always subject to the policy terms and conditions.

Our Policy Includes

01

Choice of limits ranging from £50,000 up to £2M

02

Full civil liability cover

03

Full retroactive cover

04

Worldwide cover (excl. USA and/or Canada , their Dominions or Protectorates)

How It Works

Following an allegation of negligence being made against you, the below process is how insurers will view the event and how your loss will be treated.

Purchase a policy giving you comfort that, in the rare event of a mistake happening, you have insurers support

If an allegation is made against you, insurers will review the circumstances and advise you of your next steps

Insurers will take control of any claim and handle everything on your behalf

Having a claim will not affect your premium with us and we will contact you 30 days prior to expiry to renew your policy

In the event of a claim or an allegation of negligence being made against you:

  • DO NOT admit liability and advise insurers immediately.
  • Insurers will review the details of the allegation and advise regarding legal liability.
  • Insurers will take full control of the claim and act on your behalf when dealing with your client and/or their legal representatives.
  • Insurers will pay settlement and claim costs, less the applicable excess.

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