Professional

Your clients rely on you to provide professional advice or designs because of your knowledge and expertise in your chosen field. All professional advisers could suffer financial consequences as a result of their mistakes or negligent advice to clients. Professional indemnity insurance is liability insurance that protects businesses and individuals in the event of a client claiming to have suffered a loss as a result of negligence.

Aon’s professional services team devises and places professional indemnity and related insurances for large professional firms to cover the financial consequences of negligence and also to meet the cost of defending claims made against the professional adviser. Often the policies we place are more advantageous in terms of premium and scope than those that can be secured locally.

 

What’s Typically Covered:

 

Our civil liability coverage means that if a claim is made by a third party because of your professional services, and we have not excluded it, it is covered.

Wrongful Act, error or omission

Misstatement, misleading statement

Breach of confidentiality

Unintentional breach of contract

Defence Costs in addition to Policy Limits (policy retention is not applicable to defence costs)

Fraud and Dishonesty

Unintentional infringement of intellectual property rights

Defamation

Worldwide territorial limits excluding North America (North American cover optionally available)

Cover is on a “claims made” basis