Professional Indemnity

Professional indemnity insurance, also known as errors & omissions (E&O) in the US, protects individuals and companies who provide services, in particular professional advice, from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in a civil lawsuit.

UK Focus:

  • Single-risks & schemes
  • £10m maximum LOI per risk for miscellaneous
  • £5m maximum LOI for all other professions / trades
  • Broker, Affinity and InsurTech distribution

UK Professions Considered:

  • Accoutants, architects, consulting engineers
  • Design & construct, insurance intermediaries
  • Business & IT consultants, miscellaneous trades
  • Surveyors, media & marketing, charities

EU & International:

  • Single-risks & schemes
  • Schemes or portfolios of PI business
  • Wordings in other languages and jurisdictions
  • £10m maximum LOI per risk for miscellaneous
  • £5m maximum LOI for all other professions / trades
  • Broker, Affinity and InsurTech distribution

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