Professional Indemnity Insurance
A Professional Indemnity Insurance policy provides indemnity against loss arising from a breach of duty which may be made and reported to the insurers during the policy period by reason of any neglect error or omissions committed in the conduct of the insured's professional business. An important feature is that cover operates on a "claims made" basis but can relate to work carried out at any time in the history of the insured's business.
Some Professional Indemnity Insurance policies go further than the standard cover and provide indemnity to the insured for "Civil Liability" covering areas such as breach of contract and libel and slander. Cover will often also include :-
Directors liabilities can be summarised under four distinct headings:-
If claims or disputes arise the directors/officers of the company can be made personally liable. The most likely source of a claim would be from the following areas:-
Directors and Officers Insurance also operates on a "claims made" basis. To find out more about D&O click on the button below.Directors & Officers
The spectre of bad debt hangs over many companies and Willis IRM can provide a consultancy service that addresses the financial health of your organisation. Credit Insurance can be a solution to non-payment concerns and we will provide an objective view on the suitability of a policy for your company as well as discussing the cost effectiveness of cover versus risk.
Insuring your sales ledger which can be your largest asset
We have access to specialist Credit Insurers and can design a policy that meets your requirements.
If you would like further information or you would like to hear more about Willis Insurance & Risk Management, please contact Leslie Dick on 028 9032 9042 or complete our quick enquiry form.