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Professional Indemnity insurance UK is an essential requirement for a
wide range of professional advisors. It ensures that your business
is adequately protected against incurring heavy financial losses.
Not only is it those practising occupations, such as Accountants and
Surveyors, who face the increasing threat of being sued for
providing an allegedly substandard service, but many of the newer
professional risks.
The policy will provide indemnity against legal liability to pay
damages and claimant's costs and expenses as a result of a breach of
professional duty occurring in connection with the business. The
insurance covers the acts, errors or omissions of the policyholder,
partners or former partners, directors, employees and agents. In
addition, the policy can include cover for liability arising out of
dishonesty of employees, libel and slander and lost or damaged
documents.
Only the professional can select the amount of cover that is
appropriate to his business, but it is important that a realistic
view of potential damages and legal costs is taken. Being
underinsured can be almost as financially disastrous as being under
insured. We are able to provide quotations with indemnity limits
from £100,000 to £10,000,000, higher if required.
All Professional Indemnity insurance UK enquiries are individually underwritten by the insurers and as a
result a fully completed
proposal form is always required by the
insurer. . If you have already completed another insurer's proposal
form or a renewal declaration we will be able to provide an
indication of premium if you fax or email a copy of the form to us.
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