Professional liability Insurance
Professional liability insurance is aimed at companies and professionals who offer professional services: practices of lawyers; architects; engineers; IT and business consultants; communications and media; agencies; mediators; advisors and solicitors; head-hunters, translators; education professionals and so on.
Nobody is excluded from making errors when carrying out their professional duties, taking out a professional liability policy allows professionals to focus on the more important aspects of their business and take decisions with peace of mind.
Most important types of professional liability coverage
Professional liability insurance is designed to protect professionals if a client makes a claim for the delivery of imperfect work or unsatisfactory service.
It covers the legal costs and compensation for those who must correct the error.
Legal costs
Costs for communication agencies
Compensation
Compensation
Substitution or restoration
Finance
What events can activate the professional liability policy?
- A consultant leaves a laptop in the high-speed train and confidential information about his client is compromised.
- Due to a design error in a building it is discovered that in winds of 112 km/h the building structure could fail and fall on surrounding buildings.
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