Risk scenarios

Who it’s for

 

Chubb insures clients from SMEs through to multinationals in many sectors, including:

  • Media 
  • Architects
  • Accountants
  • Engineers
  • Technology
  • Design consultants
  • Surveyors and other property professionals
  • Other professional services firms

What it covers:

 

Our professional indemnity policy covers liability for failures and errors in service and care in a variety of situations, such as:

  • Financial loss due to accountancy advice adversely affecting a client’s tax liability
  • Claims for damages against architects relating to structural faults in a building they designed
  • A media agency’s client takes legal action against them for a copyright issue

FAQs

Professional indemnity insurance ensures you stay ahead of claims – real or alleged – that clients could bring against you. You should be able to perform your job with the confidence that, if a client is unhappy with the results or an employee makes a mistake, your business won’t be financially crippled by legal action.

This liability cover protects you against the risk of the professional advice or services you provide causing a client financial harm. That harm could be due to actual or alleged mistakes or a failure to perform a service. Examples include not completing work as expected, providing incorrect advice or guidance, and incorrect forecasting. Professional indemnity covers a client’s losses, as well as your legal expenses and business continuity costs.

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