Protect the experts who shape your organization’s success with Professional Insurance.

Professional Insurance is designed to provide financial protection for individuals and businesses across various industries against claims of negligence, errors, or omissions in their professional services. This insurance covers legal fees, settlements, and damages resulting from allegations of inadequate or incorrect advice, work, or services.

Professional insurance ensures that these diverse professionals and businesses can manage the financial impact of legal disputes, maintain their operational integrity, and continue serving their clients or customers effectively.

By addressing the unique risks faced by professionals in these varied sectors, professional insurance helps mitigate the financial impact of potential claims, supports business continuity, and preserves reputations in a competitive marketplace.

Benefits of Professional Insurance

Financial Protection

Covers legal fees, settlements, or judgments resulting from claims of negligence, errors, or omissions in professional services, reducing financial strain on individuals or businesses.

Reputation Management

Helps maintain a professional reputation by addressing and resolving claims effectively, ensuring clients and stakeholders continue to trust and rely on your services.

Compliance and Regulation

Helps meet industry regulations and legal requirements, which may mandate professional liability coverage for certain professions.

Customizable Coverage

Offers flexibility to tailor coverage to specific professional risks and industry needs, ensuring relevant protection for various professions.

Our Range of Professional Insurance Plans

  • Architects & Engineers

    Covers errors in design or engineering that lead to structural failures or design issues, potentially causing financial loss or safety concerns for clients.

  • Auto Component Manufacturers

    Provides protection against liability claims arising from defects or failures in auto components, which could result in accidents or financial loss.

  • Chartered Accountants

    Offers protection against claims related to inaccuracies in financial statements, tax advice, or other accounting services that might lead to client losses or regulatory issues.

  • Doctors

    Safeguards against claims of medical malpractice, including misdiagnosis, treatment errors, or other issues that may cause harm to patients and result in legal actions.

  • Educational Institutions

    Covers risks related to errors in educational services, student safety, and administrative decisions, ensuring financial protection against claims from students or parents.

  • Freight Forwarders

    Protects against liability claims related to the handling, transportation, and logistics of goods, including potential losses or damages during transit.

  • Gym And Health Clubs

    Provides coverage for claims related to injuries or accidents that occur on the premises, as well as issues arising from fitness advice or equipment malfunctions.

  • Jewellers

    Offers protection against claims arising from errors in the sale, appraisal, or repair of jewelry, including issues with quality or authenticity.

  • Lawyers

    Shields against claims of legal malpractice, including errors or omissions in legal advice, representation, or documentation that might result in client harm or loss.

  • Restaurants

    Covers risks associated with food safety, customer injuries, and operational mistakes, helping manage financial losses due to incidents or lawsuits.

  • Shopkeepers

    Provides protection for claims related to product defects, customer injuries, or operational errors, ensuring financial stability in case of legal disputes.

Why do you need Professional Insurance?

  • Protection Against Claims of Negligence

    Covers legal costs if a client claims your service caused financial loss.

  • Financial Security

    Shields your business from costly legal fees and settlements.

  • Compliance with Legal and Contractual Requirements

    Required by regulations or client contracts in many professions.

  • Reputation Management

    Helps manage reputational damage and public relations after a lawsuit.

  • Coverage for a Wide Range of Risks

    Protects against errors, omissions, breaches of duty, and other professional risks.

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What does Professional Insurance cover & exclude?

Coverage Description Exclusions Description
Buildings
Covers physical damage to buildings due to fire, storms, vandalism.
Wear and Tear
Damage from normal wear and tear or deterioration
Contents/Equipment
Protects against loss or damage to equipment, inventory, and personal belongings.
Negligence
Damage due to neglect or failure to maintain property.
Breach of Duty
Covers claims resulting from a failure to fulfill professional duties or obligations.
Employment Disputes
Excludes claims related to employee disputes, such as wrongful termination or harassment.
Misrepresentation
Protects against claims that you provided false or misleading information in a professional capacity.
Contractual Liability
Does not cover liabilities specifically assumed under a contract unless covered by negligence or errors.
Errors and Omissions
Covers mistakes or oversights that lead to a client’s financial loss.
Cyber Attacks
Typically excludes coverage for damages from cyber incidents unless a specific Cyber Liability policy is in place.
Legal Settlements and Judgments
Pays for settlements or court judgments against you, up to the policy limit.
Prior Knowledge
Excludes claims related to incidents known before the policy’s start date.
Libel and Slander
Covers claims related to defamation (written or spoken) due to professional activities.
Patent and Copyright Infringement
Generally does not cover claims related to patent or copyright infringement unless specified in the policy.
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FAQ'S

Costs vary depending on the type of profession, coverage limits, claims history, location, and business size. Premiums can range from a few hundred to several thousand dollars per year.

Yes, many Professional Insurance policies offer “retroactive coverage” for claims arising from past work, as long as the incident occurred after the policy’s retroactive date.

Professional Insurance covers claims related to professional errors or negligence, while General Liability Insurance covers bodily injury, property damage, and personal injury claims.

Yes, businesses with multiple professionals can typically cover all employees under a single Professional Insurance policy, depending on the terms and conditions.

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