Professional Indemnity

Liability for Negligent Advice or Service protecting professional advisors, for example:

• Accountants
  
  

• Architects
  
  

• Business Consultants
  
  

• Consulting Engineers
  
  

• IT Consultants
  
  

• Property Managers
  
  

• Solicitors
  
  

• Surveyors
  
  

• Web Site Designers & Hosts
  
  

• Miscellaneous professions and service companies
   

Claims Examples

Accountants - A client purchased a company on the basis of accounts that had been approved by the insured. The client then alleged that the accounts did not show the true financial position of the company. Amount paid £4,000,000

Accountants - The insured advised a client regarding the transfer of funds to members of the family. The client became liable for capital gains tax.

Amount paid £1,510,000

Surveyors - While undertaking a valuation and title search, the insured wrongly advised on the ownership of two adjoining pieces of land. Amount paid £545,000  

Property Managers - The insured was retained to negotiate a rent review but failed to agree an early figure so the tenants had to pay a higher rent.

Amount paid £700,000