Providing professional advice can be risky—your reputation and financial stability depend on each client's satisfaction. For accountants, fund managers, financial advisors, architects, and consultants, having robust insurance is as crucial as confidence in your own skills.
At Howden, our specialized teams ensure your policy is tailored by experts who understand the intricacies of your industry and its risks.
What Does Professional Indemnity Insurance Cover?
Professional indemnity insurance (PI) protects you if you face legal action or investigation due to mistakes in your work. It’s crucial for:
- Defending against unfounded allegations to protect your future
- Covering costs if claims are justified, including legal fees and settlements
Our Policies Offer:
- Worldwide Coverage: Protection extends globally, with access to experienced legal experts in various jurisdictions.
- Coverage for Unpaid Work: Includes advice given informally or without payment.
- Full Retroactive Coverage: Covers past errors and omissions from your company’s incorporation date.
Additional extensions available:
- Unintentional intellectual property infringement
- Costs for restoring lost documents
- Liability for the actions of subcontractors, consultants, or agents
If you offer specialized advice, you risk being sued with every client interaction. Comprehensive insurance is essential to safeguard against potential claims.
