Professional Indemnity Insurance

South East Region

Professional Indemnity Insurance 

Any business or individual providing services, advice or guidance upon which third parties rely should prioritise obtaining suitable Professional Indemnity Insurance from a broker.

The intent of a Professional Indemnity Insurance policy is to protect the policy holder in the event that professional services (advice/guidance/design etc) provided cause a third-party to suffer a financial loss. The majority of policy’s will cover the third party’s financial loss but also the costs (for example legal, expert fees) incurred by the policy holder in defending/settling claims.

Any business or individual offering specialist advice/guidance, or marketing themselves as having a greater than normal degree of knowledge in a specific area may be liable to a third party, if that third party suffers a financial loss as a consequence of relying on that advice. It is worth noting that payment for the advice/guidance does not necessarily need to have been received for liability to occur.

Typical features of Professional Indemnity Insurance would include

  • Civil liability coverage arising from breach of professional duty
  • Coverage for dishonest, fraudulent or malicious acts by former or present employees
  • Unintentional breaches of copyright or confidentiality
  • Loss of or damage to documents in the custody and control of the policy holder.
  • Compensation for court, arbitration, adjudication attendance
  • Criminal Prosecution Defence Costs 

Professional indemnity insurance is arranged on a ‘claims made’ basis meaning it’s the policy in force at the time of notification of a claim that responds. The cause of the claims may have occurred months or even years before. Continuing to maintain cover is vital as by lapsing cover or reducing the scope/level of cover might leave the policy holder exposed.

If you wish to discuss any of these typical features, please do not to hesitate to contact us.

To view our Professional Indemnity proposal forms, please click here

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Employee Benefits

Have you considered an Employee Benefits package? Such a policy can help you attract and retain a highly skilled and dedicated workforce.

Claims Support

We will act on your behalf, to manage your claim from initial notification to settlement. We will also make sure you are kept up to date throughout the entire process.