Miscellaneous professional indemnity insurance
For many professionals, the prospect of a complaint or
allegation of negligence is one of the most stressful situations
they can face and can be quite daunting. Having professional
indemnity protection in place often eases this anxiety, while
providing reassurance to clients.
Through our team of experienced advisers, our policies provide
cover and advice for allegations of professional negligence. Awards
will include costs and expenses incurred to help alleviate the
personal and financial stress of dealing with a claim, or serious
allegations of neglect.
Key benefits - What are you protected against?
- Indemnity that you become legally liable to pay arising from
any allegations or claims made against you
- Negligence: you may fail in a duty of care to your client,
perhaps giving incorrect advice or making a mistake in your
work
- Court attendance costs: we may pay some or all of your
costs
- Defamation (libel and slander)
- Loss of professional documents
- Data Protection Act breach
- Unintentional breach of copyright
- If a complaint about you is referred to an Ombudsman we will
cover you for any compensation you have to pay
Policy excess
- From £500 each & every claim/claimant depending on your
cover requirements
Significant or unusual exclusions and limitations
- We will only cover work that you have told us your business
conducts, and that we’ve agreed to insure.
- You will normally have to pay an initial contribution towards
each claim (the excess). These excesses may vary by your choice of
cover or our underwriters’ assessment of your business. Your
schedule of insurance and the policy terms and conditions will
detail the specific excesses applicable to your policy.
- We will not pay claims arising from any circumstances which you
knew about or ought reasonably to have known about before the
policy started.
- We will not pay claims arising from your insolvency.
- We will not pay claims prior to the retroactive date (if any)
shown on the schedule of insurance.
- We will not pay claims arising from work carried out in the USA
and Canada.
This list is not exhaustive and for further information on the
policy, specific to your profession, please see the policy terms
and conditions, or speak to a member of our PI team:
Documents
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