MISC. PI
Protect your business against claims for financial losses
This insurance is designed for businesses operating across a range of specialised professions, where a professional error could result in financial loss for clients or business partners. Whether you provide advice, analyses, project work, administrative services or services as an external provider, the insurance provides broad and comprehensive cover.
Who is this insurance for?
Companies across many different industries often work with varying tasks and clients, making it difficult to predict where a professional mistake could have financial consequences for others. A professional liability insurance policy is relevant for businesses that provide advice, analysis, planning, administration, or project delivery, where an inaccuracy or misunderstanding could result in a financial loss for the client.
In these types of businesses, liability can be complex, as several parties may be involved in the same task, and claims may arise long after the work has been completed. The insurance provides peace of mind by covering financial claims resulting from errors in professional work, while also ensuring professional case handling from start to finish.
This solution is therefore particularly suitable for businesses seeking broad and flexible cover that evolves with their needs, allowing them to focus on clients and assignments without worrying about the financial consequences of an unexpected error.
Here is an overview of what the insurance typically covers:
Liability towards third parties if a negligent error in your delivery results in financial loss.
Costs for investigating claims, including legal assistance and external assessments, when determining whether liability exists.
Coverage when using subcontractors, provided they are working as part of your assignment and there is a written agreement in place as well as their own liability insurance.
Automatic coverage for new subsidiaries, as long as they fall within specified activity and revenue limits.
