What is Professional Indemnity and Directors and Officers Insurance?
Professional Indemnity Insurance, also referred to as PI Insurance, protects against claims alleging a breach of professional duty including both damages payable and legal costs incurred in defending a claim. A professional is considered an ‘expert’ in their field and other people rely upon your or your companies expertise with this reliance giving rise to a ‘Duty of Care’. If you or your company breach this duty of care those persons affected can claim damages against you.
Our services include advice and negotiation with insurers (we have access to both local and overseas professional indemnity insurance markets); policy wording interpretation; risk management advice on how to improve your risk profile; what you need to do to improve the presentation of your risk to the market; general advice as to what insurers will accept under your contracts; claims and circumstances management/advice; the appropriate strategy for the renewal of your insurance over the long term and much more.
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