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Professional liability

All Financial Lines Products

Policy overview

Professional Liability

We cover professional, public and employers’ liability, along with a range of other risks that can crop up unexpectedly.

This can give your clients the confidence they need to operate efficiently without needing to worry about lack of protection.

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).