Professional Indemnity

A Professional Indemnity insurance policy provides cover to meet the needs of today's professionals. It will provide indemnity insurance against legal liability to pay damages and claimant's costs and expenses as a result of a breach of professional duty on the part of the business.

Ordinarily the policy covers the policyholder's liability for the acts, errors and omissions of the partners or former partners; directors or employees or agents.

The policy will, in addition, cover liability arising from the dishonesty of employees; libel and slander; lost or damaged documents (including the cost of replacement) and defence costs which are usually paid in addition to the limit of indemnity. 

Cover is available for indemnity limits commencing from £250,000 although some underwriters will consider a limit of £100,000. The upper limit is negotiable with underwriters. 

It is not only the traditional professionals such as solicitors, surveyors or accountants who require Professional Indemnity insurance. Today, clients have high expectations of their professional advisers - whatever their field - and are well aware of their legal rights. There is no question that any business that provides professional advice, designs, or offers similar services to clients needs the protection Professional Indemnity insurance provides.