Professional IndemnityProtect your business against claims for errors, omissions or negligence in your professional services
Highlighted Coverages
- Professional Negligence
- Employee Infidelity
- Loss of Documents
- Defense Expenses
- Infringement of Intellectual or Industrial Property Rights
Detailed Information
- FOR WHOM?
The Professional indemnity insurance is aimed at professionals, companies or self-employed persons, who want to be protected for the damages that they could cause, taking into account the particularities of each profession and the risks to which they are exposed.
- WHY?
No profession, however unlikely it may seem, is immune to setbacks. For this reason, professional indemnity insurance guarantees that any errors you may make will be covered by the policy coverage.
Being covered by Professional Indemnity insurance, you will be able to focus on your business while keeping professional risks under control, so that neither you nor your company go under in the event of being sued by a third party.
- COVERAGES
Professional Negligence
Covers claims for errors, omissions or negligence in providing professional services that cause financial loss, bodily injury or property damage to third parties. This coverage ensures that a mistake in carrying out your work doesn't jeopardize the company's financial stability.
Employee Infidelity
Covers financial losses the company suffers due to dishonest or fraudulent acts by employees, such as theft of funds or embezzlement of assets. This coverage protects the business against the risk of internal fraud.
Loss of Documents
Covers the costs arising from the loss, destruction or theft of important documents while providing services. This coverage pays the cost of recovering or replacing critical documents, minimizing the impact on the company.
Defense Expenses
Covers the legal costs of your defense against a lawsuit or out-of-court claim related to your professional activity. This includes attorney fees, court fees and other expenses needed to mount a proper defense if you are sued by a third party.
Infringement of Intellectual or Industrial Property Rights
Covers damages arising from the unintentional infringement of third parties' intellectual or industrial property rights, such as registered trademarks, patents or copyrights. This coverage protects against claims for unauthorized use of intellectual property in providing professional services.
- REAL CASE?
An acupuncture center is sued by some clients for alleged negligence, because they have contracted an infection after a session at the center. After investigating the causes of the incident, a failure was detected in the sterilization machine. For this reason, the business owner must indemnify his clients with the amount demanded.
How to face this crisis? The solution is simple, if you have adequate protection. A professional indemnity insurance with the costs of legal defense, as well as the corresponding compensation, in the event that you had to face it.
- Frequently Asked Questions
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Professional Indemnity
What Professional Indemnity covers, how its limits work, and what happens if a client makes a claim or threatens to sue.
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General questions about InsurCEO
What InsurCEO is, which insurance lines we manage, and how we work as a brokerage specialised in businesses.
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The basics: how insurance works
Premium, deductible, policy wording and exclusions: the concepts worth understanding before taking out a policy.
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Taking out and maintaining a policy
Risk disclosure, endorsements, renewal and what to do when your company's activity or revenue changes.
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When a claim happens
How a claim is reported, what a loss adjuster does, and your options if you disagree with the payout.
Answer a few questions about your business and we'll show you the options. If you'd rather talk it through, we'll call you.
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