Our Professional Risks team provide a bespoke referral point for products such as professional indemnity, directors & officers, marine cargo, contingency, bonds/surety, political risks, kidnap & ransom and credit insurance. Depending on the risk, we can usually obtain terms within 24 hours.
Professional risks insurance is a policy or group of policies usually purchased by businesses, to cover their potential professional liabilities, such as:
- Professional Indemnity (sometimes called "Errors and Omissions" cover) which covers a professional mistake, error, omission or delay
- Directors & Officers Liability which covers a company for breaches of company law
- Legal Indemnities (where, for example, there is a doubt about the legal ownership of a property; or (if land is to be developed) there are potential restrictions on the use of the land).
- Architects, solicitors and accountants are compelled by their professional bodies to take-out professional indemnity cover, but more and more we are advising people in many professions - I T and Management consultants, safety advisers, advertising agencies and public relations consultants, publishers and surveyors are but a few of our clients.
It is important to buy this cover if operating a business abroad or with overseas exposure (as well as in the UK) - America particularly.
Please contact us to discuss your individual requirements - prices for professional indemnity can start as low as £150 per annum for minimum cover.