Professional Indemnity Insurance

Professional Indemnity Insurance

Professional Indemnity Insurance

We provide provide professional indemnity insurance in Northern Ireland offering a fast and expert service in the arrangement of your professional liability insurance requirements.

As specialist professional indemnity insurance brokers we are ideally placed to assist with a wide range of occupations and professions.

We have been actively engaged in the professional indemnity insurance market for over 30 years and our team enjoys a wealth of experience in both broking and underwriting.

What is professional indemnity insurance?

The professional indemnity insurance policy protects the policyholder in respect of their legal liability for loss arising from a breach or an alleged breach of professional duty.

professional indemnity northern ireland
professional indemnity northern ireland

Who needs professional indemnity insurance ?

All professions and occupations trading on the delivery of advice and consultancy services should consider professional indemnity insurance. For many it is a regulatory requirement of their profession. The costs of both defending any legal action against and any resultant awards if you are found to have been in breach of a professional duty can be catastrophic for your business. The legal costs alone may be enough to ruin a small consultancy firm.

These days it s commonplace for businesses to outsource professional and consultancy services and whilst this can provide lucrative employment for many small consultancy firms, that work does not come without risk. The consultant has to recognise that they are being paid for the exercise of their professional skill and that their employer will hold them responsible for losses if they are found to be in breach of a professional duty.

Industry and Professional Indemnity Insurance

Digital insurance Brokers Ni deliver insurance solutions across most professions and industries. The construction industry and transport industries have endured quite considerable challenges in recent months. Combined with Brexit, Insurers have become more strict with underwriting requirements and across the sector for Professional Indemnity Insurance.