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PROFESSIONAL INDEMNITY INSURANCE |
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Business liability insurance does not cover damage events caused by an error or an omission within the scope of the normal activities of the company. Professional liability insurance provides cover for these occurrences and protects your company against economic loss caused by the activities of your employees. Thus this is a classic insurance against economic loss with legal expenses cover for defence against unjustified claims. As our client, you can rest assured that we work exclusively with the best lawyers and law firms in-situ, who will defend your interests uncompromisingly in any legal action for compensation for damages. If, despite all this, misconduct can be demonstrated nevertheless, the Lloyd’s insurers will assume the compensation payment to the opposing party up to the agreed insured amount. We insure almost all professions with a requirement for this form of cover, such as, for example: Insurance brokers, investment advisors and portfolio managers (cover in accordance with the regulations of the EBK), trust companies, architects and engineers, production and trading companies, as well as art restorers. We shall be pleased to provide you with further information on request.
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