Professional Indemnity & Financial Lines

 

Professional indemnity protects companies against the financial consequences of mistakes, negligence and breaches of professional duty by their employees.

Professional indemnity insurance is mandatory for some professions such as solicitors, accountants and those in the construction sector. Professional indemnity insurance also covers legal costs and expenses incurred in defending a claim and these can be substantial. If your client is offering any form of professional advice they should be purchasing professional indemnity insurance.

The PI market has experienced a sharp change in premium rating and terms offered, first triggered by the Lloyd’s review. Our team have extensive experience and understanding of the market with every client being presented one-to-one with Insures to ensure that the best terms and conditions are achieved.

If your client does not fit the local market, on-line providers or require additional top-up cover, please contact one of the team for a consultation on options.

Target business sectors include:

  • Accountants
  • Advertising and media consultants
  • Architects
  • Design & Construction contractors
  • RICS & Non RICS Surveyors and Estate Agents
  • Consulting engineers
  • Geotechnical engineers
  • Mechanical & electrical engineers
  • Process engineers
  • Solicitors
  • Insurance Brokers
  • IFA’s
  • Recruitment consultants
  • Distressed risks
  • Marine & Rail exposed risks
  • Excess layers
  • And miscellaneous trades

Available coverages include:

  • Any one claim limits on certain trades
  • Collateral Warranty reviews
  • Directors and Officers
  • Crime
  • Pension Trustees Liability