Professional liability insurance is widely purchased by corporate entities that provide professional advice and services to others. We have extensive experience in placing insurance for a broad range of professional service providers, including:

• Accountants
• Architects, engineers and contractors
• Business process outsourcing companies
• Consultants
• Insurance brokers
• Lawyers
• Surveyors

There are many other types of entity that may need professional liability insurance and we have access to a broad range of insurers and reinsurers around the world that can provide bespoke solutions to meet most requirements.

Management Liability Insurance

In the UK, business managers have a duty of care to shareholders, employees and customers. They are required to carry out their duties and communicate on corporate affairs ethically, legally, and accurately and in the best interests of their stakeholders. When they are perceived to have failed in these duties, they can become the target of litigation, employment tribunals, or regulatory or criminal investigations.

As regulations are tightened and the UK becomes increasingly litigious, the actions of corporate entities have come under even greater scrutiny. Businesses and senior leaders may now find themselves liable for acts they had not previously considered, so having the right protection in place is crucial now more than ever.

A range of insurance products exists to protect corporate entities and their directors, officers, trustees, and other managers from such liability, including:

Directors’ and Officers’
Directors’ and officers’ insurance provides financial protection for senior managers of businesses, protecting them from claims made against them personally in their capacity as a director or officer. The coverage provides support for legal costs, fines or compensation claims.

Corporate Legal Liability
Corporate legal liability is cover for claims brought against your business regarding alleged unlawful activities performed by the business itself or by its employees. Claims arise not only from unlawful activities but even from a perceived failure to act.

Employment Practices Liability
Employment practices liability provides coverage for businesses against employees who allege that their legal rights as an employee have been violated. This includes claims for acts such as sexual harassment, wrongful termination, discrimination, and breach of contract.

Regulatory liability and fines

Cover for the costs associated with responding to a regulatory investigation (such as GDPR) arising out of a privacy event. This may include legal advice, notification costs, defence of regulatory action etc. The accompanying fines will be covered to the extent they are insurable by law.

Cyber extortion

Cyber extortion has grown to be one of the most prolific type of attacks on businesses. A cyber insurance policy will cover the costs and expenses associated with an extortion event (e.g. Ransomware).

Media and content liability

Cover for claims from a third-party alleging infringement, libel, slander, copyright etc. resulting from online content disseminated by a company.

Incident response

The way in which an organisation responds to a cyber event is critical in helping to ease and mitigate the potential implications. A cyber policy will include a variety of post incident services aimed at helping to steer a business through the crisis seeking to minimise damage to the balance sheet, consumers, and reputation.

These services may include:
Notification costs, legal costs, crisis management, PR, credit monitoring, forensic consultants