Professional Indemnity Insurance

//Professional Indemnity Insurance
Professional Indemnity Insurance 2016-12-13T12:35:55+00:00

Professional Indemnity by Ellis David - General Insurance Brokers

Professional Indemnity Insurance

Professional Indemnity Insurance provides cover for your legal liability if anything were to happen to a client as a result of negligence and breaches of duty or care. This may result in a financial loss, or damage in some other way to a client to whom you are providing professional services in connection with your business.

If you have a particular Professional Indemnity insurance requirement that you’d like to discuss further, contact out team on 020 7354 3881now or send a message.

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Professional Indemnity Insurance by Ellis David.

Call our Business Insurance team on 020 7354 3881 now for a free quote or send a message.
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Key Features of an Indemnity Policy:

Civil Liability

This will protect you should a client suffer directly as a result of working with your business.
This includes, negligence, unintentional breaches of confidentiality, infringement of copyright/trademark, defamation infringements, loss of professional documents and legal defense costs

Varying Levels of Cover

Levels of Indemnity cover vary according to your business and the type of services you provide.
The limit covers the total of all claims made during the policy period.

'Claims Made'

Only claims arising and notified to insurers during the policy period will be covered.
You can arrange retroactive cover which means that your policy can start before the date it has been taken out.

Optional Extras

Cover will vary according to your business needs. The more protection you have, the better.
This can include: Public, Employers and Products Liability, Directors and Officers Liability, Entity Defense, Employment Law Protection and Fidelity Covers.

It is important to make sure your business description is accurate and details of all activities carried out by the company are disclosed to insurers. If your details are not accurate, insurers can withhold the right to pay out on a claim.

 Who Needs Professional Indemnity?

Any company or professional offering advice or providing professional services which could potentially cause their client a financial loss.

Common Examples are:
• Architects
• Accountants
• Book-keepers
• Solicitors
• Engineers
• Builders
• Consultants and
• IT Professionals

However, there are many other professions where services supplied could potentially cause a loss and may require cover. We have access to a wide range of insurers who offer cover to many different professions.

Call Ellis David now on 020 7354 3881 or send a message to find out how Ellis David can help you with your PI Insurance.

Significant Exclusions/Limitations of Professional Indemnity (PI) Insurance:

• Business Activities not disclosed to insurers
• Excess – an amount you normally have to pay in the event of a claim.
• Onerous Contractual terms going beyond the duty of care at common law are excluded, unless previously disclosed to insurers and agreed
• Potential known incidences that could give rise to a claim but not disclosed and accepted by insurers prior to inception of the policy.
• Claims arising from the transmission of computer viruses or data protection breaches
• Defective Premises Act cover

However, each Professional Indemnity Insurance policy is different, and therefore you should seek the advice of a trusted Insurance Broker like Ellis David to ensure that you have all the correct cover in place.

To discuss your insurance requirements further, contact out team on 020 7354 3881 now or send a message.

Why Compare Professional Indemnity Quotes with Ellis David?

At Ellis David, we understand how important your business is to you, and that you need to proper cover in place. We ask the right questions, ensuring that you will have all the cover in place that you need should you ever need to make a claim. By doing this, our insurers have the peace mind that we have researched your requirements thoroughly, and can offer us the most competitive rates that we pass on to you.

With over 150 years combined industry experience, Ellis David are guaranteed to find you the best Professional Indemnity Insurnace Policy even if you have a problematic claims history.

To discuss your insurance requirements further, contact out team on 020 7354 3881 now or send a message.

Other Business Insurance Products By Ellis David

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Professional Indemnity Insurance by Ellis David.

Call our Business Insurance team on 020 7354 3881 now for a free quote or send a message.
contact us