How do I know the level of PI risk my business faces?

It is important to take a number of factors into consideration when assessing what limit of indemnity to purchase. Your Partners& Adviser can support you in reviewing the following… <li data-leveltext="-" data-font="Lato" data-listid="2" data-list-defn-props="{"335551671":0,"335552541":1,"335559684":-2,"335559685":720,"335559991":360,"469769226":"Lato","469769242":[8226],"469777803":"left","469777804":"-","469777815":"hybridMultilevel"}" data-aria-posinset="0" data-aria-level="1"> Contractual obligations / requirements <li data-leveltext="-" data-font="Lato" data-listid="2" data-list-defn-props="{"335551671":0,"335552541":1,"335559684":-2,"335559685":720,"335559991":360,"469769226":"Lato","469769242":[8226],"469777803":"left","469777804":"-","469777815":"hybridMultilevel"}" data-aria-posinset="0" data-aria-level="1"> Regulatory requirements <li data-leveltext="-" data-font="Lato" data-listid="2" data-list-defn-props="{"335551671":0,"335552541":1,"335559684":-2,"335559685":720,"335559991":360,"469769226":"Lato","469769242":[8226],"469777803":"left","469777804":"-","469777815":"hybridMultilevel"}" data-aria-posinset="0" data-aria-level="1"> Size of your contracts <li data-leveltext="-" data-font="Lato" data-listid="2" data-list-defn-props="{"335551671":0,"335552541":1,"335559684":-2,"335559685":720,"335559991":360,"469769226":"Lato","469769242":[8226],"469777803":"left","469777804":"-","469777815":"hybridMultilevel"}" data-aria-posinset="0" data-aria-level="1"> Potential legal costs

How can my policy support me if I become aware of a potential error in my work?

Your policy will cover both actual claims received, and circumstances you become aware of that could give rise to a claim later down the line. If you become aware of an error or omission or issue where no claim has yet been made by your client, it is important that you notify insurers, via your Partners& Adviser, in order that they can gather full details and support you in mitigating the likelihood of a claim arising. Our inhouse claims team will also be on hand to support you throughout the claims process , provid ing you with a reference point to assist with dealing with Insurers and their advisers, understanding what is going on to enable you to meet your responsibilities under the policy and utilising their expertise to challeng e insurers if/where required.

Professional Indemnity Insurance

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In this everything-by-yesterday world, even the most respectable company can find itself in dispute with a client over an error, a delay or alleged breach of contract. 

Who we support

Accountants
Architects
Surveyors
Graphic designers
Management consultants

Why us?

Our clients are telling us

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We're specialists...

Through our collective experience, we’ve observed many of the best and worst practices in the insurance advisory market. We’re here to challenge the status quo and aim to establish a new level of service. We’re combining the best traditions of technical advice and client centricity, with modern thinking and smart use of systems and technology to enhance the client experience and create a dynamic workplace for our team.

Challenges in your industry

In recent years anyone purchasing professional indemnity (PI) insurance as an essential part of their risk management programme is likely to have found their renewal process to be a lengthy, drawn out, and expensive process. Very few professions have escaped the hard market conditions, with those in the construction sectors, independent financial advisers and insurance brokers hit most harshly.

How we support

PI policies work on a claims made basis which is different to many other types of insurance cover in that you need to have a policy in force at the time a claim is made for cover to respond, rather than having had a policy in place when the work in question was carried out. Your Partners& Adviser can talk you through the implications of the cover basis and how this will impact you if you cease to trade or are considering amending your cover level.

Your business performs

We know that as professionals, you never intend to make a mistake in the course of your work. But should you find yourself having made an error, or your end client makes an allegation against you, it is important to be financially protected. Your Professional Indemnity policy will support you with the costs of defending a claim or allegation, as well as any compensation associated with a claim.

Our Ecosystem

Why do you need professional indemnity insurance?

Professional indemnity insurance (PI), sometimes known as errors and omissions insurance (E&O), is essential protection for anyone who provides advice or professional services to a client – This includes not only traditional professions such as architects, law firms, accountants, and IFAs, but also new and emerging professions. – for some, it may even be a regulatory requirement.