Professional Liability

Professional Indemnity

In today’s business environment even the most established businesses can find themselves in a legal dispute which can be reputation-damaging or costly to defend or settle. Even the smallest mistakes can result in litigious action being brought against you from disgruntled clients and claims can still be brought against you even if you do not accept you have been negligent. It is therefore imperative you have the right Professional Indemnity, Public/Products and Employers Liability Insurance in place, with cover and limits designed to meet the needs of your business.

Professional Indemnity insurance (PI) will protect you and your business for any claims made against you for loss or damage sustained to clients as a result of faulty, negligent or damaging products, advice or service you have provided.

As a business you will also require Public Liability (PL) insurance which covers you in the event of a claim from a third-party (not including employees) that suffers injury or damage to their property by you or a member of your staff in the course of your work.

As well as requiring PI and PL, if you employ any staff you will also need Employers’ Liability insurance which covers the cost of defending or settling any claim made against you from an employee who has sustained injuries or illness as a result of working for you.

Whether you are a freelance contractor, local accountant, architect, large software developer or a specialist telecommunications consultancy, we have the knowledge, ability and expertise to provide you with the PI policy you need, working with you to ensure that we understand and meet your specific business requirements.

Many professions such as solicitors, architects, accountants, financial advisers, surveyors are required to have PI insurance as a regulatory requirement.

If needed, we can also offer Public & Products Liability and Employers Liability. In fact our IT, Media and Specialist Consultants products are specifically designed to combine Public & Products Liability with the PI cover, because we know that these exposures are often interwoven.

Here is a list of some of the risks which may be covered by a professional indemnity policy:

• Negligent act, error or omission
• Dishonesty and fraud
• Accidental infringe on intellectual property
• Loss of documents or data
• Unintentional defamation (libel and slander)

Professional indemnity insurance will also pay the legal costs incurred in the defence and settlement of claims.

Typical PI business for us includes the professions listed below where you can download a summary of cover and proposal form for each.

We can also provide PI for overseas domiciled subsidiaries as well as US work and risks domiciled in the north and south of Ireland.

Our Professional Indemnity coverage is also available as part of our OfficePro product which offers cover for office contents, business interruption, general liabilities, commercial legal expenses and professional indemnity – all under one policy.