Professional indemnity insurance worldwide

What is primary professional indemnity insurance? Do I need indemnity or liability insurance cover? Is indemnity insurance compulsory? Professional Indemnity (PI) insurance for a specific project or global cover for the entire firm.

PI insurance in high-risk occupations and cover with war and terrorism included. Cover for high-value projects like oil and gas or construction. It is not necessary for you to receive a fee in respect of the provision of that service for an allegation to arise.

We are also able to provide bespoke solutions for multi-line products and niche industry sectors, which can be taken out as primary or excess cover up to £million. We arrange professional indemnity insurance for traditional professions such as architects, business consultants, engineers, environmental consultants, estate agents, translators, PR consultants as well as many miscellaneous classes together with those newer businesses or professions that will need to consider professional indemnity policies to protect themselves such as telecommunications, internet businesses and new media companies. Professional indemnity insurance is a type of business insurance that covers you for costs you might face if your work, service, or advice causes a client to suffer a loss – either financial or reputational. That is to say a claim can be brought against you for any damages suffered to a third party from your mistakes. For instance, this could occur while providing a service, breaches of contract or any breach of professional duty in the course of your business.

Unintentional breach of copyright or confidentiality. Loss of documents or data. Defamation and libel. Claim investigation costs.

Over a relatively short period of time our experienced underwriters have established IGI as a leading market both in London and Dubai. We are able to offer coverage over a range of professions and are building a strong reputation in the construction sector globally offering both annual practice and single project policies. Exemplar Global has partnered with insurance providers to provide our certified auditors general and professional liability insurance coverage. Mar Signs of a hardening professional indemnity insurance market? Newline offers worldwide coverage to clients domiciled anywhere in the.

Although most firms have indemnity insurance , this is not mandatory. Our experienced underwriters are adept at separating perceived risk from actual risk, allowing us to service a broad range of traditional accounts, as well as craft coverage for complex or hard-to-place professions. Unlike conventional annually renewable policies, it has particular advantages for project owners and for Joint Venture operators.

Watch the video to learn more. It can cover legal fees and compensation payments, with the compensation often taking into account the financial loss that the client has suffered. We are committed to consistently providing the highest standard of service to our clients and have a global reach to (re)insurers to ensure our clients receive the best available cover. After months of sourcing and negotiation with various insurance companies, we’ve finally found a good solution tailored to members of our profession. We offer comprehensive coverage solutions to ensure that our policyholders are protected against risks endemic to their profession.

Many professional bodies require their members to hold professional indemnity insurance and large industries and companies will more often than not, insist that you have adequate PI cover before you are. Indemnity insurance also covers court costs, fees, and settlements in. However, it is important to bear in mind that this can have an impact on your professional indemnity insurance – or, more specifically, your professional indemnity insurance can have an impact on how you conduct international business.

We offer cover on any one claim or aggregated limit basis with costs either inclusive or in addition to the limit. Professional indemnity (PI) insurance is business insurance that covers the cost of compensation claims and legal action if a client sues you for negligence or damages because of the work you’ve done for them. What does professional indemnity insurance cover? AIG insurance solution covers a wide range of modern professional activities. Essential insurance for professionals, if your mistakes cost your clients money.

Insurance to help put other people right, if something you do injures them or their property. Compensation can vary significantly, based on the type of claim that’s awarded as well as the severity of the individual circumstance. We pride ourselves on long-lasting relationships with our clients, built on a flexible and timely underwriting approach and market-leading claims handling services. Professional Liability Insurance coverages are written through non-affiliated insurance companies and are secured through the GEICO Insurance Agency, Inc.

We can help you secure business insurance in all states except Hawaii. The information you provide will be shared with our business partners so that they can return a quote.