Professional Indemnity Insurance at a glance

Why become insured:

• Coverage for actions or neglect arising from civil law and other existing divergences contingent on each profession.
• Provisions for the protection of natural or legal persons’ reputations.
• Exposure to potential clients.

Insurance coverage provided: 

• Compensation for third-party claims arising from the job’s negligent practice.
• Third-party claims due to defamation or slander.
• Breach of copyright/breach of duty/breach of confidentiality.
• Defense expenses regardless of the validity of the accusation.
• Potential out-of-court settlement amount.

Additional provisions:

• Loss of documents
• Third-Party claims due to employees’ malignant actions.
• Court expenses
• Extensive claims period for professional indemnity
• Extensive experience in insurance underwriting
• Specialized claims management, with particular sensitivity and discretion toward your business relations
• Desire to build a long-term relationship of mutual trust with our clients
• Leading position on a global level in the General Insurance market

The usual exclusions of our contracts relate to any losses in connection with any claims related to the following:

• Infringement of patents
• Infringement of trade secrets
• Pollution of the environment
• Bodily injury and property damage
• Computer virus, malicious code or failure to prevent unauthorized access to your company's systems
• Contractual liability or other obligation assumed that goes beyond the duty to use such skill and care as is ordinarily applied to your usual professional services
• Employment harassment or discrimination
• Government and regulatory actions
• Mechanical, electrical or telecommunications failure
• Insolvency
• Work carried out by joint venture of which the insurance forms part
• Misdeeds (criminal, dishonest or fraudulent acts)
• Infringement or misappropriation of patterns or trade secrets
• Claims made prior to or pending at the inception of this policy excluding all cases to which we provide retroactive coverage
• War and terrorism

Who can be insured: 

• The legal entity through which the profession is practiced
• The natural person as a freelancer
• Partners
• Employees
• Heirs of all the above

Which professions:

• Lawyers – Legal companies
• Accountants – Accounting firms – Audit firms
• Technology companies (IT)
• Telecommunications companies
• Consulting services companies (Management Consultants)
• Administrative services providers
• Architects – Engineers – Surveyors 
• Advertising companies
• TV and Radio stations
• Newspapers and magazines
• Publishing Houses
• Printing companies
• Graphic Arts companies
• Market Research companies
• Marketing & PR companies
• Personnel recruitment companies
• Loss Adjuster companies
• Real Estate firms
• Educational Organisations
• Translation Companies
• Outsourcing companies
• Photographers