Professional Indemnity Insurance Broker
Get the right cover in place to protect you and your business
Are you looking for a quote for Professional Indemnity Insurance? We can help to find specialist, competitive insurance cover, tailored to your needs.
Our expert team of insurance advisers provide advice and support to all kinds of businesses to make sure they get the right protection in place at the right price.
Professional Indemnity Cover for Businesses in Scotland
We have many years of experience in helping Clients arrange the correct cover required for their business. We have access to the leading insurers and facilities who have products which can be specifically designed to cover your requirements.
Professional indemnity cover insures ‘professional’ persons or companies of their legal liabilities to third parties arising from their professional negligence or that of their employees.
This covers ‘loss arising from a breach of professional duty by reason of any negligent act, negligent error or negligent omission.
We can help business such as:
- Design and Construction
- Architects
- Engineers
- Surveyors
- IT Consultants
- Marketing and Graphic Design
What should organisations be aware of?
There may be rules and minimum requirements of the Professional Body you are a member of. If more than one regulator applies to your business, ensure that all of these bodies’ rules are complied with. Failure to do so can leave you open to investigation and, in some cases, fines for non-compliance.
You may have contractual requirements required for specific projects / contracts you are working on. You should discuss these with your broker to ensure you have the right cover in place.
Professional Indemnity insurance is often written on a ‘claims made’ basis. So in the event of a claim it is the policy in force at the time the claim is made that would respond and not the policy in force at the time the error, omission or breach. It is vital to consider previous contracts or work completed in previous years, to ensure that the scope of the cover continues to include all work previously carried out.
Professional Indemnity Insurance is a specialist class of insurance which requires care and expertise. If not understood, or placed incorrectly, your business could be left exposed to potentially crippling costs where the policy does not respond to historical claims.
Insurers generally take the view that they will accept claims arising from sensibly worded contractual agreements but this may in some cases need to be endorsed into the wording for cover to apply. Others will address by setting out clearly the limits beyond which cover will not apply. Some contracts can extend the liability of your business beyond the limitations of a standard policy which, if not picked up, can leave the business exposed.
Your Trusted Insurance Broker in Falkirk
If you need to claim on your policy we will help and assist you through the process. We are not here just to sell you a policy once a year but to offer support should you need to claim or there is a change to your business.
What Coversure Falkirk can do for you:
- Meet with you to discuss your needs and gather the relative information
- Approach insurers and markets on your behalf
- Recommend the most appropriate option for your needs
- Be available throughout the year, no call or processing centres for you to deal with
- Help you manage the claim process should you be unfortunate enough to suffer a loss
Why use Coversure Falkirk?
We are authorised and regulated by the Financial Conduct Authority to give advice.
We aren’t tied to any one insurance company which means we can approach the market on your behalf and make recommendations to you based on the quotes we get back.
We will explain the covers on offer, limits applicable and any specific clauses and conditions you should be aware of to ensure that you are compliant with the terms and conditions of the policy.
