Professions Insurance

In an increasingly litigious environment, professional indemnity insurance is a necessary part of your product portfolio.

We work with sole practitioners as well as large partnerships and limited companies involved in a wide range of services in the accountancy, financial and property & construction sectors

There is also a proliferation of new professions generally described as miscellaneous. There are many examples from Arbitrators to Zoologists, Bailiffs to Photographers, Agricultural Consultants to Training Consultants.

With standard professions, one expects standard qualifications. With miscellaneous business, the insured may not be qualified in the formal sense at all. So sight of a CV is a normal requirement unless the insured has been trading for a while.

Every insurer has a different perception of the type of business that they want. Some will write very nearly anything, others want only specific business.

Whilst considering your professional liability risks J & V Risk Solutions can advice on office contents and employers and public liability computer hardware and cyber liability, directors and officers liability.

J & V Risk Solutions ensure they deliver the right premium for the right level of cover, with the ability to tailor policy wordings where required.

professions - why you need Cover

Professional indemnity insurance or PI insurance, covers legal costs and expenses incurred in your defence, as well as any damages or costs that may be awarded, if you are alleged to have provided inadequate advice, services or designs that cause your client to lose money.

Many professions need to have professional indemnity insurance as part of their respective industry body's regulatory requirements. Even if you are not obliged to have PI insurance, without it, you could be liable for thousands of pounds worth of legal fees and compensation payments - not to mention lost income from the time spent defending any allegation.

Here are some actual examples of claims:



Architect sued by his client for the costs of rectifying an extension built from a flawed design.
Insurer paid £22,500.

logistics company

Logistics Company

Logistics Company sued by a competitor for copyright infringement and intellectual property theft relating to their business model and their website.
Insurer paid £170,000.

web design company

Web Designer

Web designer's client sued by image owners for using unlicensed pictures on his website. Client sued the web designer.
Insurer paid £9,000.

it consultancy

IT Consultancy

IT consultancy's web hosting partner company hacked - consultancy’s clients' websites offline for a day. Consultancy sued for loss of business by a client.
Insurer paid £3,200.

marketing agency

Marketing Agency

Marketing agency omitted a digit from a client's phone number and left out their web address in a printed advert. Commercial decision made to reprint advert at agency's cost.
Insurer paid £21,995.