Professional indemnity advice for consultants, contractors and specialist service businesses.
Professional indemnity policies can differ materially in basis of cover, exclusions, retroactive dates, excesses and limits. We focus on the work you perform, your contracts and the claims scenarios that concern you.
The headline limit is only one part of professional indemnity cover.
Availability and scope depend on insurer acceptance and the terms offered for your business.
Cover may respond to eligible allegations that professional services or advice caused a client financial loss.
Policies commonly address covered legal defence costs, but whether these sit inside or outside the limit must be checked.
Some wordings extend to specified loss of documents, confidentiality, defamation or intellectual-property allegations.
Claims-made cover, retroactive dates and continuity are important when a business changes insurer, sells or stops trading.
The policy usually needs to be active when the claim is made and notified, subject to the retroactive date and all other terms.
An aggregate limit is shared across eligible claims in the policy period. Each-and-every-claim wording can provide a separate limit per eligible claim, subject to the policy.
Consider contractual requirements, maximum project values, possible financial loss, aggregation and defence costs. We can help you assess the decision.
Tell us what you do, what needs protecting and when the policy renews. We'll take it from there.