Professional indemnity insurance offers protection for legal liability sustained as a result of wrong, negligent or misleading advice or treatment given.For some areas of business such as architects, surveyors and medical professions, such cover is mandatory.
At Sorvio, we arrange professional indemnity insurance for a wide range of businesses and professions including consultants, contractors involved in design and construct projects, surveyors, architects. media and technology sectors.
It is important to ensure that the business description used on a professional indemnity policy, covers the full scope of all company activities.
Business interruption cover is critical to most companies, as in the event of a significant claim, it will be crucial to resume business as quickly as possible and to retain market share.
When a loss occurs, the time during which the business is affected or interrupted is the indemnity period. For most businesses, a 12 month indemnity period is no longer suitable.