Miscellaneous Professions Insurance
We understand that many professions do not fall neatly into any standard classification.
We know that as a miscellaneous profession the activities that you perform and the way that you trade can be unique to you, and subsequently obtaining the correct cover for your needs takes time, understanding and expertise. It is important that insurers understand exactly what your firm does, how exposed to potential claims you are, and how your risks need to be managed.
The business description is crucial. Whereas for a chartered accountant the PI wording covers most of the activities that one would expect an accountant to do, due to the nature of miscellaneous professions a standard miscellaneous wording just can’t take account of the countless unique requirements that each individual business might require cover for. If your business operates within the tech sector, learn how you could benefit from a tailored IT insurance policy.
Lloyd’s is proposing to transfer certain EEA insurance policies to Lloyd’s Brussels. The proposed transfer will not change terms and conditions of any policy, except that Lloyd’s Brussels will become the insurer and Data Controller in respect of the transferred policies.
Further information about the proposal (including whether it could affect your pre-transfer position), which policies are transferring, your rights and what you need to do can be found at www.lloyds.com/brexittransfer