Stuart Benger is able to offer client’s advice and source competitive quotations from a range of suitable insurers on protection against potential financial disaster should they, by error or omission, be in breach of professional duty. Our services in this sector offer three specific areas of cover:
Professional Indemnity Insurance (PI)
This cover has traditionally been arranged for professionals such as solicitors, architects, accountants, surveyors etc. Whilst these remain the cornerstone of our involvement in this sector in recent years a growing number of new professions has evolved that also require the protection of professional negligence cover. Examples are IT and Computer Consultants, Health & Safety Consultants, Public Relations and Media, and Management Consultants.
Directors & Officers Liability Insurance (D&O)
Irrespective of the type of business a company is involved in there may be times when it’s Directors and senior management are personally exposed to claims being made against them relating to an alleged breach of duty. In tandem with the ever-increasing burden of legislation, regulation and the litigious society that we now live in, this is something that every company has to deal with. D&O cover offers protection against these risks and the increased likelihood of key company personnel having claims made against them.
Trustees Indemnity Insurance
Anyone acting as a trustee (typically, but not exclusively, on behalf of a charity) is potentially exposed to claims arising out of alleged ‘wrongful acts’, such as breach of duty or breach of trust. A trustee may therefore have to pay for legal assistance to defend such claims, and could face having to pay any damages that may subsequently be awarded. Trustees Indemnity Insurance offers individuals total peace of mind by removing these worries.
