Professional Indemnity is a vital protection for you covering your defence costs and any resulting damages awarded against you resulting from claims of ‘negligence’ made against you by a dissatisfied customer.
It is worth remembering that this insurance will cover you even if the allegations made against you are false.
In today’s world any provider of professional services, particularly those with limited company status, can be exposed to claims alleging negligence.
In addition to the above, this policy provides cover for claims made against you resulting from:-
NB: Professional Indemnity does not provide cover for third party damage or injury caused as a result of your negligence. Please refer to Public Liability for appropriate cover.
Public Liability insurance offers protection for you against your liability for causing accidental bodily injury to third persons or damage to third party property in the course of your business activities.
This is particularly important if you work at customers’ sites or your have visitors to your own offices.
In addition to the above, this policy provides cover for claims made against you resulting from accidental injury to any person or accidental loss of or damage to property caused by goods supplied or installed by you in the course of your business.
NB: Public Liability does not provide cover for damages awarded as a result of your negligence. Please refer to Professional Indemnity for appropriate cover.
Employers’ Liability provides you as an employer with indemnity in respect of liabilities either at common law or at statute. This type of insurance is compulsory if you employ staff.
The legal requirement is £5,000,000 however this policy gives cover of up to £10,000,000.
Following a change in legislation, Employers’ Liability is no longer compulsory if you are the only employee in a company and you own more than 50% of the issued share capital of that company. However you should remember that anyone engaged by you and participating in a Government or similar authorised work experience training scheme could still make a claim against you if they suffer injury whilst working for you. Any such claims would be covered by this policy and you should think carefully whether you require it.
If you select Employers’ Liability cover you will be issued with a Certificate of Employers’ Liability which must be displayed where any employee can easily read it. Additionally, as claims can be made many years after an injury is caused, it is a legal requirement that you keep copies of your Employers’ Liability Certificates for at least 40 years.
It is all too easy to overlook insuring yourself against serious injury or accidental death, when there are mandatory insurances to arrange as a consultant or interim manager.
Our Personal Accident cover provides a lump sum financial benefit in the event that you suffer Bodily Injury (loss of limbs, permanent loss of sight, speech or hearing and permanent total disablement) or die as the result of an Accident.
The cover options and limits available through this website are the ones most frequently requested.
However, if you have different requirements please contact us as we may still be able to help you.