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)
*subject to underwriting criteria
What we cover
- Accountancy
- Architecture
- Design & construct (building services, mechanical & electrical, non-structural refurbishment/interiors, up to £5M turnover, construction total contract values (TCV’s) £50-£100M)
- Engineering (building services/mechanical & electrical/HVAC)
- IT Consultancy
- Media & creative consultancy (advertising, marketing, etc)
- Miscellaneous trades (600+ trades including agricultural consultants, management consultancy, editorial, proof reading, recruitment, etc)
- Surveyors & property consultants (chartered surveyors, non-chartered surveyors, estate agents, letting agents, etc)
- Town planning
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
- Solicitors
- Non UK domiciled businesses
- Non UK fees/turnover in excess of 25%
- Fees/turnover subject to USA/Canada jurisdiction
Public Liability/Employers liability on PI Combined declines:
- Education
- Recruitment consultants
- 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).