The purpose of Professional Indemnity Insurance is to protect a professional against liability towards third parties for injury, loss or damage, arising from his / her own professional negligence or that of his / her employees.
Anyone who advises on, designs or specifies a partcular course of action to a client may involve themselves in legal liability to that client or incur significant expense in initially defending such an action.
Professional Indemnity Insurance cover is written on a ‘claims made’ basis which means that, provided the claim is made during the period of insurance, it does not matter when the act of negligence giving rise to it took place.
With over 30 years’ experience in business, S.A. Faughnan (Brokers) Ltd. are experts in this field and have the Insurer Markets and products to meet the expectation of every professional.
Some of the mainstream occupations we regularly place PI cover for are as follows;
We also provide Professional Indemnity / Errors & Omissions cover for Cyber risk occupations. Find out more about Cyber Insurance here.
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