Errors & Omissions
Provides protection against covered claims arising from an alleged error, omission, oversight, or failure in the delivery of professional services.
Professional Indemnity
Protect Your Expertise. Secure Your Professional Practice.
Professional Indemnity Insurance protects your business against claims of negligence, errors or omissions in your services, helping you manage legal costs and compensation.
Professional Liability Protection
Errors & Omissions Coverage
Legal Defence Cost Protection
Client Claims Protection
Tailored Professional Risk Solutions
What Is Professional Indemnity?
Understanding Professional Indemnity
Professional Indemnity Insurance protects professionals and businesses against claims of errors, omissions or negligence, covering eligible legal defence costs and compensation from client or third-party claims, subject to policy terms, limits and exclusions.
What Does It Cover?
- Professional errors and omissions
- Alleged negligence in professional services
- Legal defence and litigation costs
- Claims for financial loss arising from professional services
- Breach of professional duty, where covered
Example:
If a client alleges that an error in professional advice or services resulted in financial loss and raises a claim against the professional or firm, Professional Indemnity Insurance can help cover eligible legal defence costs and covered compensation, subject to the policy terms and applicable limits.
Coverage Components
Comprehensive Protection At Every Level
Professional Negligence
Provides protection against eligible claims alleging negligence in the performance of professional duties or services provided to clients.
Legal Defence Costs
Covers eligible legal and defence expenses for responding to covered claims, investigations or proceedings, subject to policy wording and limits.
Financial Loss Claims
Provides protection against covered third-party claims for financial loss arising from professional services provided by the insured.
Breach of Professional Duty
Where covered, protects against claims alleging a failure to meet professional duties or standards in connection with the insured services.
Defamation & Personal Injury
Where covered, protects against certain claims involving defamation, libel, slander or other specified personal injury from professional activities.
Loss of Documents & Records
Where covered, protects eligible costs of loss, damage or destruction of client's documents or records during professional services.
Additional Professional Liability Extensions
Depending on the profession and services, additional extensions can be considered for specific professional exposures, subject to underwriting.
Advisory Support
Protect Your Profession Before Risk Finds You
Even one error can create significant legal exposure. We structure Professional Indemnity solutions around your profession.
- 1.
Professional Risk Assessment & Needs Analysis
We understand your professional services, client base, contracts, geographical operations, revenue profile, and key liability exposures.
- 2.
Policy Design & Placement
Our specialists structure suitable limits, deductibles, retroactive dates and extensions, and place the risk with appropriate insurers.
- 3.
Policy Documentation & Support
We coordinate policy documentation to ensure the insured profession, services, limits and extensions are accurately reflected.
- 4.
Dedicated Claims Advocacy
Our team supports claims from notification through documentation, insurer coordination, legal engagement and resolution.
- 5.
Annual Policy Review & Renewal
Regular reviews assess changes in services, contracts, turnover and exposure to keep the programme aligned with your requirements.
Ready To Explore Professional Indemnity?
Protect your professional reputation and financial interests with Professional Indemnity coverage designed around your practice.
Frequently Asked Questions
Answers to Common Insurance Queries
The retroactive date can determine whether claims arising from professional services performed before inception are eligible, subject to the policy's terms and circumstances.
Coverage is generally linked to when the claim is made and reported, subject to policy terms, making continuity and notification provisions particularly important.
Equirus Raghnall reviews professional activities, fee income, client profile, contractual liabilities, claims history and required limits before approaching appropriate insurers.
The placement considers retroactive protection, territorial scope, contractual exposures, sub-limits, exclusions and insurer expertise in the relevant profession.
