Professional indemnity insurance can help protect a policyholder if a claim is brought by one of their clients due to a problem with work that has been done for them.
Our professional indemnity policy offers cover for compensation a policyholder may need to pay to correct a mistake or to cover legal costs due to negligence, such as giving incorrect advice or making a mistake.
Through many years of experience, we have built a leading reputation in the provision of professional indemnity protection for a wide range of professions. Our experienced claims handlers know how to protect your client’s business and settle disputes quickly and efficiently.
What it covers
A professional indemnity policy from Hiscox offers:
broad civil liability cover - if it's not excluded, it's covered.
This covers a number of areas such as:
negligence – making a mistake or offering wrong advice
defamation - saying something that gives offence
breach of confidence – sharing information without consent
unintentional infringement of intellectual property – for instance using an image without paying the appropriate licence fee
outstanding fees - we will pay your client’s outstanding fees where we feel we can avoid a larger claim being made under the policy
subcontractors’ fees - we will pay subcontractors your client is committed to paying where we feel we can avoid a larger claim being made under the policy
loss of documents - we provide rectification cover for important professional documents
dishonesty - we may cover your client against dishonesty of their partners, directors, employees and contractors where this causes them either a direct loss of their own funds or liability for their client’s funds.
Flexible payment options including interest-free direct debit (saving up to 6% compared to some insurers)
Option to mix and match a range of other insurance covers to produce a tailored policy – this means your clients only pay for the exact protection they need
Your clients may also qualify for continuous cover – avoiding the need for annual proposal forms
Plain English wordings, making it easy to see exactly what is covered.
Trust your company to the experts
Hiscox has a long track record in the provision of unique insurance solutions, founded on an in-depth knowledge of the industries we cover. Fully understanding the specific risks associated with each profession lets us offer precisely the right protection at the lowest possible cost.
For information on professions for whom this policy may be suitable, click here.