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:
Primary - £5M LOI
Excess of loss - £10M LOI
We can offer a range of industry-specific solutions to suit the various risks faced. Our core target business includes:
- Design & Construct
- Estate Agents
- Event Organisers
- Insurance Brokers
- Management consultants
- Marketing & Media
- Miscellaneous (available via our Broker Portal)
- Recruitment Consultants
- Underwriting Agents
For traditional trades, please contact James Cowley directly to discuss your clients risk. Only our Miscellaneous PII product is available via our online Broker Portal. View the full list of miscellaneous trades.
Online Broker Portal
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 PII
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.
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.