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Professional Liability Insurance provides essential financial protection to a wide range of professional advisers. In the event that a client suffers financial loss as a result of alleged neglect, error or omission Professional Liability Insurance will meet the cost of defending claims and any damages payable.
Clients see any person who gives advice, designs, or offers similar services in a Professional capacity as an expert. The need for Professional Indemnity Insurance has never been greater.
In determining how much cover to effect, it is important that a realistic view is taken of the potential damages and legal costs for which the business could become liable. Being under-insured can be almost as financially disastrous as being without insurance at all.
Professional Liability cover is available for the following lines:
- Design & Construction
- Insurance Brokers
- Financial Institutions
- Investment Consultants
- Management Consultants
- COLFIRE Proposal form
- Curriculum Vitae's of principals
- Copy of Brochures
- Copy of standard contracts
The above explanations give a summary of the type of cover available. For full details, including the exclusions and conditions that apply, please contact us at any of our offices.