Professional Practices Insurance

Alleged negligent work

• An accountancy practice could provide incorrect tax advice to a client.
• A marketing agency could advise on a paid marketing strategy that costs more than was originally quoted to achieve the same results.
• A business management consultancy could formulate a business plan which overlooks some key data, resulting in the client needing to spend more money than was agreed.

Professional Indemnity insurance would respond to provide cover in instances such as these.

You cause property damage while in a client’s premises

You accidentally damage property while visiting a client’s premises. A claim is made against you for the cost of the damaged item. In this instance, you would be covered by Public Liability insurance.

With our online quote and buy system you can get an indicative quotation for your insurance in a matter of minutes.

If you have a specific requirement or would simply like assistance with your quote please contact 0333 321 1403.

Apart from Professional Indemnity insurance professional practices will typically be required to carry Public Liability insurance, especially if they work from office premises and meet clients face-to-face.

A professional practice will typically employ staff, therefore Employers’ Liability insurance is required by law, with a minimum cover of £5 million. Caunce O’Hara Employers’ Liability insurance provides £10 million of cover as standard.

It is important to be aware that as a self-employed business owner, a claim can be made against you personally with unlimited personal liability. Directors and Officers insurance is a policy which will cover you in this instance.

If you handle sensitive client data, then a Cyber Liability insurance policy could be valuable to ensure you and your clients are covered.

Legal Expenses insurance will also provide cover for costs incurred from a legal occurrence or claim that your indemnity and liability insurance does not cover, including the cost of an IR35 tax investigation, or a property dispute.