Professional Indemnity Insurance For Financial Services Providers
Professional Indemnity insurance, PI insurance or PI cover as it’s sometimes referred to, is insurance cover for Financial Service Providers should they be liable to pay compensation for any negligent act, error, or omission arising in the performance of their professional duties.
The Policy offers the option of either an aggregate limit of indemnity or an aggregate plus one reinstatement limit. Our rates are highly competitive, and we offer several extensions to the PI policy, which cover the following:
- Breach of Confidentiality
- Claims Preparation Costs
- Compliance Officer
- Defamation & Injuria
- Defence Costs
- General Third-Party Liability
- Liability following employee dishonesty
- Loss of Documents
- New and or Acquired companies
- Regulatory Defence Costs
- Sub Agent
- Third Party Computer Crime
The above is meant to be a summary of the cover and at all times the terms and conditions contained in the Policy Wording and Schedule of Cover will take preference should a conflict arise.
Terms and Conditions apply.