Professional Indemnity Insurance

Professional Indemnity insurance (PI) covers a business against compensation sought by a client if mistakes have been made or there is negligence, data loss or where there are allegations of poor business advice.  

Any business providing a professional service that can be challenged is vulnerable to a claim of negligence when their advice or service fails to meet a client’s expectations, which can be costly and disruptive.

Professions such as architects, consultants, surveyors, engineers and designers along with an ever-increasing list of other business activities are required by their professional bodies or regulators to have PI insurance as a necessary coverage as part of their overall insurance needs. 

Many other businesses choose to take our PI insurance to protect themselves against claims.

“Clear, straightforward and simple to work with”

We have a bespoke facility backed by international capacity to offer PI insurance in a number of jurisdictions, offering competitive prices with wide ranging coverage.  

We can provide a range of covers to suit a variety of business needs – either standalone Professional Indemnity insurance or a combined Professional and Managerial Liability policy that encompasses both Professional Indemnity and Directors & Officers or Managerial insurance in one easy cover.  

The cover you need depends on the risks your business faces, the requirements of your professional or regulatory body, and your client contracts – these may require you to have a minimum level of cover in place.

Coverage

Will protect your business from items such as:

Professional negligence resulting in civil liability

Defamation

Breach of confidence

Claim defence costs

Loss of documents or data

Unintentional breach of copyright and/or confidentiality

Libel, slander and defamation

Run-off cover – protecting your business after it ceases trading against any historical liabilities.

Will not protect your business against items such as:

Costs associated with a client’s reputational damage

Public liability or Employers liability

Malicious acts

Penalties, fines or liquidated damages

Circumstances known at inception

Pollution or Radioactive contamination

War risks and terrorism

Insolvency, bankruptcy or trading losses

Claims brought after the expiry of your policy

We are here to help you.