Professional Indemnity insurance is a form of liability insurance that provides cover for the financial consequences of professional negligence, following a breach of professional duty by way of neglect, error or omission. In addition, an indemnity is provided in respect of the legal and other costs incurred in the defence of any claim.
Company directors and/or senior executives can be held jointly and personally liable for their actions or the actions of other board members.
Actions could be brought from a number of different parties and the cost of defending allegations can be substantial.
A Directors and Officers insurance liability policy is designed to provide cover for such legal defence costs and, where appropriate, any final settlement or compensation award.
We arrange office insurance policies to protect your business against risks such as theft, fire, water damage and accidental damage, even if the possessions such as portable laptops are temporarily away from the workplace.