Professional Indemnity

Professional Indemnity

Professional Indemnity covers legal costs and expenses incurred in your clients defence, as well as any damages or costs that may be awarded, if they are alleged to have provided inadequate advice, services or designs that cause them to lose money.

We can provide flexible and tailored insurance solutions to meet your clients needs.

To discuss your clients requirements, please contact:

James Cowley RPLU
Senior Underwriter
020 7993 3308
james.cowley@t-u-l.co.uk

Coverage Limits:

Primary - £5M LOI
Excess of loss - £10M LOI

Target Business

We can offer a range of industry-specific solutions to suit the various risks faced. Our core target business includes:

  • Accountants
  • Architects
  • Auctioneers
  • Design & Construct
  • Engineers
  • Estate Agents
  • Event Organisers
  • Insurance Brokers
  • Management consultants
  • Marketing & Media
  • Miscellaneous (available via our Broker Portal soon.)
  • Publishers
  • Recruitment Consultants
  • Surveyors
  • Technology
  • Underwriting Agents

Online Broker Portal

You will soon be able to quote, bind and renew Miscellaneous PI via our Online Broker Portal.

Request access or log in online.

Claims examples

Mechanical & Electrical Engineers

The insured were contracted to design and install the cold water supply system at a large block of flats in London. There were 2 incidents of flooding overnight, substantial damage was caused to the property.  A claim was made by the insurers of the freeholder of the property alleging that the insured's design and installation were negligent.  The claim was in excess of £5million.   

Cladding / Glazing

The insured is a stone cladding specialist who was contracted to design, supply and install stone cladding at an apartment building in London. Three years after practical completion, a number of cladding stones had cracked and /or fallen from the building. All the stone cladding needed to be removed. The remedial scheme involved replacing the existing stones using an alternative means of fixing using a railing system and brackets at a cost of circa £1.3million.

Print Media PI

The Insured is an entity involved in generating automated, time sensitive documents for clients like banks, estate agents, etcetera. As a part of an upgrade, the Insured introduced a bug to their systems, which caused trouble for the mailings for their client, the Claimant. The Insured’s systems sent out time sensitive letters on behalf of the Claimant’s clients; real estate agents in the incorrect order to householders. The clients sought damages on account of costs of rectifying the error and sending the correct letters together with an apology out to the end consumer, loss of potential business, loss of goodwill, etc. totalling approximately £300,000.

Accountants

The Insured's 'successor practice' notified this matter as a circumstance which it believed may lead to a claim being made against the Insured following the discovery of shortcomings in the corporate restructure undertaken by the Insured for a client. The purpose of the restructure was to hive off from the client part of its business by means of a process known as statutory demerger. The apparent shortcomings in the process mean that, unless the loss is mitigated, The client and its shareholders will suffer additional, avoidable, taxation charges. This matter is still ongoing and the Insured is working very closely with its client and the HMRC to find a solution. Solicitors, instructed by the insurer, are assisting the Insured.