Policy overview
The policy includes
- Primary PI limits of indemnity up to £5,000,000 standalone or PI Combined. Higher limits are available with our excess layer product
- Public liability up to £5,000,000 for professional consultants on PI Combined
- Employers liability up to £10,000,000 for professional consultants on PI Combined
Our cover also includes as standard:
- Loss of documents up to the limit of indemnity
- Costs of court attendance:
- Partners, directors or members £500 per day
- Any employees £250 per day
- Any other relevant party up to £500
- Cover automatically extends to include any acquisitions
- Ombudsman awards
- Mitigation costs up to the limit of indemnity
- Cover for external directorships (accountants only)
What we cover
- Accountancy
- Architecture
- Engineering – building services/mechanical & electrical/HVAC
- IT Consultancy
- Media & creative consultancy (e.g. advertising, marketing, etc)
- Miscellaneous trades (600+ trades) Examples: agricultural consultants, bookkeepers, management consultancy, editorial, proof reading, recruitment etc
- Surveyors & property consultants (Chartered Surveyors except pre-purchase survey & valuation work (S&V), Non-Chartered Surveyors, estate agents, letting agents etc)
- Town planning
What we may consider (accommodation business)
- Chartered surveyors with up to 15% pre-purchase lending/non-lending S&V
- Design & construct – building services, mechanical & electrical, non-structural refurbishment/interiors, up to £5M turnover
- Construction total contract values (TCV’s) £25-£50M. Max TCV £50M.
What we normally decline
- Actuaries
- Construction professionals with total contract values in excess of £50M
- Design & Construct - main contractors, turnover over £5M, civil/cladding/geotechnical/manufacturing roofing/structural
- Engineering – structural / civil / geotechnical
- Financial institution
- Independent financial advisors
- Insolvency practitioners
- Insurance brokers
- Non UK domiciled businesses
- Non UK fees or turnover exceed 20%+
- Solicitors
Public Liability / Employers liability on PI Combined Declines
- Standalone PL or EL, EL without PL
- Supply of products
- Manual work, construction or installation
- (For the avoidance of doubt this would not include the installation of IT, Telecommunications and other audio/visual equipment but would include the type of work expected of an electrical contractor e.g. re-wiring an office).