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Those who provide professional services could be accused of negligence if their advice or service causes a loss for a customer.
You’ll need to consider Professional Indemnity Insurance if you provide advice or expertise, provide a professional service or handle client data. Customers could make a claim against you if you share confidential information, infringe copyright, make an error while working or provide poor advice that results in lost revenue.
Romero Insurance Brokers specialise in complex, high-value Professional Indemnity cover, both in terms of the placement of business as well as the handling of often intricate and demanding technical claims.
Professional Indemnity Insurance is your financial back-up, there to provide peace of mind that human error won’t make or break your business.
We all make mistakes. But don’t end up footing the bill for yours. Read our range of articles on Professional Indemnity insurance to learn more, or contact us to get your insurance solutions sorted.
You can read our Professional Indemnity Whitepaper and online articles to learn more as to why this cover is necessary, or alternatively you can contact us to get your insurance solutions sorted
A whole host of businesses and individuals should have Professional Indemnity insurance in place, the key businesses being:
Some companies are required to have Professional Indemnity insurance in place by professional bodies, whereas others choose to have the protection in place.
Truly, most companies should have Professional Indemnity insurance in place – even if they have never faced a claim of this sort.
Certain businesses will also be required to have Professional Indemnity cover as part of their membership of a professional body. These regulatory bodies include the below:
To check whether it is mandatory for you to have this cover in place – contact Romero Insurance Brokers.
A Tailored Solution: our insurance experts will get to know your business and the specifics of your risk exposure. Our executives will then work with you to make a plan that meets your specific needs. We understand that large businesses have special requirements, demanding an experienced hand – Romero Insurance Brokers ensure you are fully covered.
Dedicated Support 24/7: Our team of insurance professionals is available to assist you at every step of the process, from initial conversation to cover confirmation. We provide support all hours of the day.
Risk Assessment Service: We conduct a thorough risk assessment to identify potential vulnerabilities and create a strategy to mitigate them. We also provide templates and documentation. Contact us for more information
The UK’s Best Claims Team: In the unfortunate event of a loss, our claims team understands that time is of the essence. Romero Insurance Brokers’ award winning claims team are the UK’s best. We offer a swift service and have an excellent claims record. See our Claims information.
Industry Expertise: With years of experience serving large businesses, we are well-versed in the unique challenges and opportunities you face. Our expertise ensures your business is in good hands.
Professional Indemnity insurance responds when allegations of damage or injury are thought to be caused by poor advice, inadequate design or a failure in the service provided by a professional organisation.
Examples of businesses that require Professional Indemnity insurance are:
The majority of Professional Indemnity claims concern construction companies, design firms, legal services and solicitors.
It is a cliché that everyone makes mistakes, but is nonetheless absolutely true – occasionally even the best, brightest and most conscientious of us will be distracted while doing something important, misread a word or sentence, or provide advice with good intentions only to find that it was misguided or given when not in possession of all the facts. In these scenarios, PI cover is there to cover a business or individual.
Romero Insurance Brokers specialise in complex, high-value Professional Indemnity cover, both in terms of the placement of business as well as the handling of often intricate and demanding technical claims. Through our 20+ years of experience and our dedicated professionals fully understand the Professional Indemnity insurance industry. Indeed, Romero Insurance Brokers is best placed to protect businesses from complex, varied and extremely costly risks.
Contact us today to get started with Romero Insurance Brokers. With your permission, we will be able to perform a confidential review of your business and insurance terms, able to go to insurers and determine our best offer which might be better than your current provider.
The Grenfell tragedy’s effect on the insurance industry was unprecedented. The pool of approved insurers diminished, rates increased and restrictions in cover became more prevalent.
Read our Professional Indemnity Whitepaper, authored by Technical Claims Director, Stuart Dobbins.
Why is an independent broker essential for arranging Professional Indemnity insurance?
Our in-house construction insurance expert at Romero Insurance Brokers discusses Professional Indemnity Insurance and how it affects both contractors and insurers
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