Professional Indemnity (PI) policy protects organisations, their principals, partners and employees against a range of alleged negligence claims. 

Key product benefits:

A broad ‘Civil Liability’ basis of coverage for many professional sectors which includes:

• Wrongful act, error or omission
• Misstatement, misleading statement
• Breach of confidentiality
• Unintentional breach of contract
• Fraud and dishonesty
• Unintentional infringement of intellectual property rights
• Defamation
• Statement of fact basis – no need for proposal form.

Cover for:

• Defence costs, judgments and settlements
• Lost or damaged documents
• Court attendance
• Profession specific exposures dependent on tailored wording

Cover details:

• ‘Claims Made Basis’ - claims notified  during the term of the policy (as opposed to an occurrence basis)
• Lost or damaged documents cover applies where the loss or damage is first discovered during the policy period
• Worldwide territorial limits excluding North America (North American cover  option available)

Traded target risk profile:

Professions covered:                                     Maximum turnover:
• Accountants -                                                 ICAEW compliant up to £2.5m
• Architects up to                                              £2.5m
• Engineers up to                                               £2.5m
• Design & Construct up to                              £5m
• Management Consultants up to                  £5m
• Marketing & Media up to                               £5m
• Miscellaneous up to                                       £5m
• Technology up to                                            £5m

Professions not covered:

• Insurance Brokers
• Financial Institutions