Previous
Next
Previous
Next
Services
Professional Indemnity Insurance
Delivering the wrong professional advice is a business risk, better get coverage
Businesses that are focused on advising clients are inherently risky. A simple apology cannot undo the harm it may cause. You may be sued for financial losses even if you acted in good faith and the harm was unintentional. Possibly, you may be taken to court for recovering the losses by the client. By buying Professional Indemnity Insurance, you can pass on the liability to the insurance company and stay safe from financial losses to yourself.
You can carry on with your profession uninterrupted and at the same time and stop the client from leaving you.
Consequential Loss of Profit Insurance
Losses result in business interruption. Interruptions to business result in lost opportunities and customer patronage. Consequential loss of profit insurance will reimburse you and help your business get to its original status as it was before the loss occurred. The coverage takes immediate effect. There are many other optional extensions that you can include in the basic policy for better coverage.
Professional Indemnity Insurance chiefly focuses on the following type of individuals and firms.
- Medical professionals, Doctors, Nurses, Pharmacists, and Hospitals
- Consulting Engineers, Architects, and Project Managers
- Lawyers, Advocates, and Legal Service Professionals
- Accountants, Bookkeepers, Tax Consultants, and Auditors
- Insurance brokers, Marine Surveyors, Loss Assessors
- IT Consultants, Software, and Application Developers
- Financial Consultants, Fund Managers, Investment Advisors
- Other Consultants (Management, HR, Business, PRO Services, Sports)
- Facilities Managers, Real Estate Consultants…
Coverage at a Glance
- Unintended negligence and misinformation provided by an error of judgment
- Liability arising due to defamation and damage to the reputation of the third person
- Loss of client’s documents or properties and united revelation of secrets
- Damage to goods left in the custody of the professional for safekeeping
Additional Coverage Add-ons
The common Professional Indemnity Insurance will cover a majority of risks typical to professionals. But sometimes, you might want additional coverage. Here are some add-ons that professionals can include in the insurance.
- Unintended Infringement of intellectual property
- Wrongful acts of omission and commissions of subcontractors
- Money Transfer Businesses
Excluded Liabilities
Coverage is not available for paying fines and penalties. To be eligible the insured should not have acted maliciously. Coverage will be denied if the insurance company finds that the professional has acted deliberately to defraud the company. Your insurance advisor will tell you how to make a claim fairly and honestly.
Claims Management Support
Simplified claims processing is the symbol of all our cyber security insurance policies. If you have to make a claim, our advisors will help you to prepare and submit the documents. This will assist you with getting reimbursement on time. Our insurance advisors are trained to make a proper claim. We will stay with you till all claims are processed and the claim amount has been transferred to you.
Consequential Loss of Profit Insurance
Losses result in business interruption. Interruptions to business result in lost opportunities and customer patronage. Consequential loss of profit insurance will reimburse you and help your business get to its original status as it was before the loss occurred. The coverage takes immediate effect. There are many other optional extensions that you can include in the basic policy for better coverage.
Professional Indemnity Insurance chiefly focuses on the following type of individuals and firms.
- Medical professionals, Doctors, Nurses, Pharmacists, and Hospitals
- Consulting Engineers, Architects, and Project Managers
- Lawyers, Advocates, and Legal Service Professionals
- Accountants, Bookkeepers, Tax Consultants, and Auditors
- Insurance brokers, Marine Surveyors, Loss Assessors
- IT Consultants, Software, and Application Developers
- Financial Consultants, Fund Managers, Investment Advisors
- Other Consultants (Management, HR, Business, PRO Services, Sports)
- Facilities Managers, Real Estate Consultants…
Additional Coverage Add-ons
The common Professional Indemnity Insurance will cover a majority of risks typical to professionals. But sometimes, you might want additional coverage. Here are some add-ons that professionals can include in the insurance.
- Unintended Infringement of intellectual property
- Wrongful acts of omission and commissions of subcontractors
- Money Transfer Businesses
Coverage at a Glance
- Unintended negligence and misinformation provided by an error of judgment
- Liability arising due to defamation and damage to the reputation of the third person
- Loss of client’s documents or properties and united revelation of secrets
- Damage to goods left in the custody of the professional for safekeeping
Claims Management Support
Simplified claims processing is the symbol of all our cyber security insurance policies. If you have to make a claim, our advisors will help you to prepare and submit the documents. This will assist you with getting reimbursement on time. Our insurance advisors are trained to make a proper claim. We will stay with you till all claims are processed and the claim amount has been transferred to you.
Excluded Liabilities
Coverage is not available for paying fines and penalties. To be eligible the insured should not have acted maliciously. Coverage will be denied if the insurance company finds that the professional has acted deliberately to defraud the company. Your insurance advisor will tell you how to make a claim fairly and honestly.
Compare and Get Instant Quotes
from our Online Insurance Portal
How InsurancePolicy.ae works (Simple, Speedy, Secure)
Contact Us
Speak With One Of Our Experts Today
Phone Number
Why Platinum
50 +
Years of Experience
in the Industry
35 +
Partnerships with Insurers
& Financial Institutions
10,000 +
Clients all Over the Globe
Let’s get started
Appointment
Lets Protect Your Business, Life And Much More
-
41-B Zomorrodah Building, Landmark- Huzaifa Furniture
Umm Hurair Road, Dubai, U.A.E - +971 4 357 7997, 346 6567
- +971 50 473 8811
- hello@pib.ae