Indemnity Insurance

Indemnity Insurance

Professional Indemnity insurance covers the day-to-day activities that bring in the revenue. For some of these, solicitors, accountants and architects, lawyers, doctors it is a requirement of their professional authorization. But it can be a very useful cover for lots of fields where your clients are depending on your expert guidance, i.e. protecting your business against claims from third parties for financial loss. Key benefits:

• Professional Liability cover
• Payment of damages or settlements
• Covers legal defense costs
• Defamation coverage
• Infringement of Intellectual Property Rights protection
• Fraud/ Dishonesty committed by an employee that results in legal liability to the Policyholder.
• Protects the company, subsidiaries, employees and sub-contractors working under the direction of the Insured.
• Cover is on a ‘Claims made’ basis.