- Business
- Individuals & Families
- Partnerships
Chubb’s Personal Accident cover is designed to respond swiftly and effectively in the event of an accident, and offers a lump sum payment.
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Professional Indemnity Insurance
Products & Services
Coverage for firms operating internationally, with separate products available for our clients in the US and Canada. We cover you for failure to perform professional services or for errors and omissions related to them.
Firms operating in North America and Canada receive protection for failure to deliver a service, or for mistakes made providing a service or advice to clients.
Risk we cover
Errors or omissions in providing a service
- A client your law firm represented doesn’t believe you’ve exhausted every avenue of defence, and is holding you liable for their damages as well as legal fees
Failure to perform a service on time
- Your marketing agency missed a deadline to deliver a campaign and now the client wants you to pay for delayed business costs
Misrepresenting a service or capability
- A client doesn’t believe that your accountancy practice has delivered on its promise to minimise their tax liability, and is threatening to sue for misrepresentation of your service
Offering misleading professional advice
- A client sues your consulting firm after a business decision you advised on leads to a reduction in stock price
FAQs
Professional indemnity insurance ensures you stay ahead of claims – real or alleged – that clients could bring against you. You should be able to perform your job with the confidence that, if a client is unhappy with the results or an employee makes a mistake, your business won’t be financially crippled by legal action.
This liability cover protects you against the risk of the professional advice or services you provide causing a client financial harm. That harm could be due to actual or alleged mistakes or a failure to perform a service. Examples include not completing work as expected, providing incorrect advice or guidance, and incorrect forecasting. Professional indemnity covers a client’s losses, as well as your legal expenses and business continuity costs.