Professional Indemnity Insurance Broker

Professional indemnity claims can arise from:

Professional Negligence: Claims may arise when clients allege that a professional has failed to perform their duties or provide services with the expected level of skill, care, and diligence.

Breach of Duty: Professionals have a duty of care towards their clients, and if they breach this duty, it can result in a claim. This may include situations where a professional fails to disclose conflicts of interest, breaches confidentiality, or misrepresents information.

Misrepresentation: If a professional provides incorrect or misleading information to a client or makes false statements, it can lead to a claim for professional indemnity.

Failure to Meet Standards: Professionals are expected to adhere to industry standards and regulations. If a professional fails to meet these standards or breaches ethical guidelines, it can result in a professional indemnity claim.

Financial Loss or Damage: Clients may bring claims if they suffer financial loss or damage as a result of a professional’s actions or advice. This may include situations where investments fail, contracts are breached, or errors in financial reporting occur.

What does professional indemnity insurance typically cover?

Professional Negligence: Protects against claims arising from a breach of professional duty or failure to meet the expected standard of care in providing professional services,

Legal Expenses: Costs of defending against claims, including legal fees, court costs, and settlement or judgment expenses,

Loss of Documents: If there is a loss or damage to important documents entrusted to a professional, professional indemnity insurance may cover the resulting costs.

Public Relations Expenses: In case of reputational damage, professional indemnity insurance may cover the costs associated with public relations efforts to restore a business or professional’s reputation.

Run-Off Coverage: This coverage extends protection even after a business or professional ceases operations, providing coverage for claims that may arise from work performed in the past.

What does professional indemnity insurance typically not cover?

Intentional Misconduct: Claims arising from intentional acts or criminal behavior are typically not covered by professional indemnity insurance.

Property Damage: Coverage does not typically include physical damage to property.

Bodily Injury: Claims related to bodily injury or personal injury may not be covered. These types of claims are often covered by general liability insurance.

Contractual Disputes: Disputes arising from breach of contract or failure to deliver services as promised may not fall under professional indemnity insurance. Contractual liabilities are typically addressed separately.

Known Claims or Circumstances: Claims or circumstances that were known prior to the policy’s inception or renewal may be excluded from coverage.

It’s important to note that policy terms can vary, and specific exclusions may depend on the insurance provider and the nature of professional services being offered. Reviewing your policy and consulting with an insurance professional can help ensure you have a clear understanding of what is covered and what is excluded.

Why Choose SB Protect as Your Professional Indemnity Insurance Broker?

With years of experience in the insurance industry, our team of dedicated professionals brings a wealth of insurance knowledge and risk management expertise to the table. We understand the complexities of professional indemnity claims and stay up-to-date on the latest industry trends and regulations. Trust that we will guide you through the process, ensuring that you have the right coverage for your business.

Customised Coverage
Insurance can be tailored to your specific profession and the risks associated with your industry. Insurance providers like SB Protect work closely with you to understand your unique needs and develop coverage that aligns with your business requirements. Their expertise ensures that you are adequately protected against the specific risks you may face in your profession.

Customised Solutions
We know that no two businesses are the same. That’s why we take the time to understand your unique needs and tailor our insurance solutions accordingly. Whether you’re a small startup or a large corporation, we will work closely with you to assess your risks and create a comprehensive insurance plan that fits your budget and provides the coverage you need.

Strong Insurance Partnerships
As an established insurance broker, we have cultivated strong relationships with reputable insurance carriers. This allows us to offer a wide range of coverage options at competitive rates. Rest assured, we have your best interests in mind and will leverage our partnerships to secure the most favorable terms for your professional indemnity insurance policy.

Exceptional Customer Service
Our team of friendly and knowledgeable insurance professionals are here to answer your questions, address your concerns, and provide continuous support throughout the insurance process. We aim to make obtaining professional indemnity coverage as seamless and hassle-free as possible, so you can focus on what matters most: running your business.

Affordable Rates
We understand the importance of cost-effective insurance solutions. That’s why we strive to offer competitive rates without compromising on the quality of coverage. Our extensive network of insurance providers allows us to present you with multiple options, ensuring that you receive the best value for your investment.

Industries We Serve

At SB Protect, we serve a diverse range of industries, including but not limited to:

• Consulting firms
• Legal professionals
• Architects and engineers
• IT and technology companies
• Marketing and advertising agencies
• Healthcare providers
• Financial institutions

No matter what business activity or industry you are in, we have the expertise to assess the unique risks associated with your profession and provide you with tailored insurance solutions.

Contact SB Protect Today
Protect your business and your professional reputation with professional indemnity insurance from SB Protect. Our experienced team is ready to assist you in finding the right coverage for your needs. Contact us today for a free consultation and let us provide you with the peace of mind you deserve.

Disclaimer: The information provided here is for general informational purposes only and does not constitute legal or professional advice. Please consult with a licensed insurance broker or attorney for specific advice related to your insurance needs.