Companies have a "duty of care" to their clients, to provide a professional service in a "fit and proper" manner. Professional Indemnity Insurance insures you against the allegation, or indeed the breach, of that “duty of care”. Any legal costs, and resulting liability, are insured by the policy, subject of course to the terms and conditions.
The limit of Professional Indemnity Insurance refers to the total claims in each period, and includes costs and expenses. The selected Professional Indemnity limit, is the maximum amount that you may claim from one,, or numerous claims in a single policy year. If you wish to change the limit basis to "Any One Claim", please choose the bespoke policy options when requesting your Professional Indemnity Insurance quote online.
The standard cover is provided on a Worldwide basis, excluding USA / Canada. If you would like to extend the Professional Indemnity Insurance policy to cover work carried out in the USA / Canada, or under USA / Canada jurisdiction, please choose the bespoke policy options when requesting your Professional Indemnity Insurance quote online.
Professional Indemnity Insurance is written on a ‘Claims Made’ basis. Please see our FAQs for a definition of ‘Claims Made’.
Our Professional Indemnity Policy Wordings vary depending on the nature of the company's business. If your company operates within the:
If you already have a policy with us, and would like to view the Professional Indemnity Policy Wording, please refer to your Policy Schedule and match the technical name to the options below:
6627 WD-PIP-UK-TEC (1)
5997 WD-PIP-UK-SP1 (2)
5998 WD-PIP-UK-SP (4)
Similarly, if you would like us to send you a copy of any policy documents, please email us by clicking here.
Alternatively, call us on 0207 621 3747.