Professional Indemnity Insurance

Professional indemnity insurance protects you and your business from the costs of compensating a client if you make a mistake in a piece of work for a client that causes them financial or reputational loss.

When you’re looking for professional indemnity insurance, it’s not always easy to get the guidance you need to find a policy that’s right for you. The good news is we’re here to help.

Professional Indemnity Insurance isn’t like a general commercial insurance policy; not all ‘general’ insurance brokers have the expertise to advise you correctly.

Here are some situations you’ll be covered for, these are general descriptions of cover only, for a tailored quote or if you have any specific questions please speak to one of our team.

Compensation claims

If you’re found liable for compensation, damages or costs in a civil court because of a problem with your advice or professional services, you’re covered – even if you’re not specifically aware that you are.

Design flaws, Loss causing advice Advice or Incorrect Specification

During your role as a professional adviser you are found to have made a mistake or been negligent in your duties your Professional Indemnity Cover, where covered, will pay for legal fees and conpensation.

Loss or Damage to Documents

If you lose or damage the belongings of clients or customers (i.e. stock, equipment, documents, or data), which are owned by a Third Party that are in your physical custody and control. A claim for a loss must arise where a third party has suffered some financial loss due to your negligence in storing of important documents.

Certification errors

If your profession involves providing certificates or validating of legal documents, cover can be provided for errors that have caused a loss, as a result of your negligence.

Fidelity Cover

Provides cover for loss of money and other property resulting from fraudulent or dishonest acts committed by an employee or volunteer.

Inadvertent Non-Disclosure

You will be covered if a client claims information is not presented and its found that such non-disclosure or misrepresentation was innocent and free from any fraudulent conduct or intent to deceive.

Arbitration, Expert Witness and Lecturing

You will be covered in respect of claims arising from their serving on committees, boards, tribunals, professional associations and the like or acting as expert witnesses or arbitrators or lecturers.

Legal Defence Costs

You will be covered for Defence Costs where such costs have been incurred. Such Defence Costs shall be payable in addition to the Limit of Indemnity.

Joint Ventures / Consortiums

Cover is provided for civil liability should you become legally liable to pay, whether jointly or severally, which arises out of the conduct of Professional Business, whilst a member of a joint venture or consortium.

Breach of Copyright or Confidence

Cover is provided in the form of financial support, if you are alleged to have used or taken or shared works created by someone else and past off as your own, or if you bring about a claim because a Third Party has infringed your Copyright.