Professional Indemnity Insurance (PI)
Protect your business against claims for financial losses
Professional Indemnity Insurance protects your business against financial losses suffered by clients or third parties as a result of errors, omissions, or negligence in the professional services or advice you provide. The policy covers compensation claims and protects your business against unfounded claims brought by third parties.
About Professional Indemnity Insurance
Covers financial losses arising from professional liability
Errors, omissions and negligence in professional services
Compulsory for lawyers and accountants
Compulsory insurance in Denmark
Tailored industry solutions
Lawyers, accountants, architects, engineers and miscellaneous professions
Professional claims handling
Fast and efficient claims handling
Insurance for Professional Advisors
At BinderGroup, we offer tailored insurance and guarantees for lawyers, accountants, and other professional advisors. Our products protect against financial losses and legal risks, providing security and peace of mind for both you and your clients.
Whether you work in legal advisory, accounting, or contract management, we have the right solution for your industry, allowing you to focus on your work without unnecessary risk.
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Lawyers’ Professional Indemnity Insurance:
Protects lawyers against compensation claims arising from errors, omissions or negligence in the professional services they provide, giving you the confidence to focus on your clients.
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Architects and Engineers Professional Indemnity Insurance:
Protects architects and engineers against compensation claims arising from errors, omissions or negligence in professional advice, design or technical calculations that result in financial loss.
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Miscellaneous Industries:
Protects businesses and professional service providers across a wide range of industries against compensation claims arising from errors, omissions or negligence in the professional services they provide.
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Accountants’ Professional Indemnity Insurance
Protects accountants against liability arising from errors, omissions or negligence in the performance of professional services, including reasonable costs incurred in determining liability.
Compulsory guarantees as part of the solution
Professional Indemnity Insurance for lawyers and accountants also includes the statutory guarantees required by law. These guarantees protect clients and third parties against financial losses resulting from the wrongful use of entrusted funds and form an integral part of the insurance solution.
All our products are tailored to the specific needs of each industry, providing you with the necessary protection and peace of mind, so you can focus on your work without unnecessary risk.
What does Professional Indemnity Insurance typically cover?
Professional Errors:
- Covers claims arising from errors or deficiencies in the professional advice or services provided by the business.
Omissions:
- Protects against claims where the business has failed to provide a critical service or advice, resulting in financial loss for the client.
Negligent Acts:
- Insures the business against claims arising from negligence, errors, or failures to act in the performance of professional services.
Indemnity Costs.
- Covers any financial compensation the business may be required to pay, whether through a court judgment or settlement.
Typical Exclusions:
- Criminal Acts: The insurance typically does not cover claims arising from intentional illegal acts, fraud, or criminal activities.
- Personal Injury and Property Damage: Claims related to physical injury to individuals or damage to property are generally excluded and are usually covered by other types of insurance.
Specific Sectors:
- Tailored Coverage: The coverage can be customized for specific industries, such as legal, financial, medical, technological, and consulting firms, with particular focus on risks unique to each sector.
Professional Indemnity Insurance requires an understanding of your business
Every professional service business is different. That is why BinderGroup tailors its Professional Indemnity Insurance solutions to the specific risks and needs of each business.
Vi tror på, at de bedste løsninger skabes gennem indsigt, dialog og en grundig forståelse af kundens forretning.
Bliv klogere på, hvordan en rådgivningsvirksomhed oplever værdien af en professionel ansvarsforsikring fra BinderGroup, der er tilpasset virksomhedens virkelighed.
