Accountants Professional Indemnity
Overview
We’ve been a leading insurer of UK accountants for ten years and bring a real understanding of the issues affecting the profession to our underwriting approach.
Professional Indemnity insurance is compulsory for all members of the ICAEW who have a practising certificate and are engaged in public practice. Our policy wording is compliant with the Institute’s requirements and we are a ‘Participating Insurer’ on the ICAEW’s approved scheme.
We insure a diverse range of UK accountants but our focus is on ‘high street’ firms and insolvency practitioners. We can also consider boutique and larger firms engaging in moderate amounts of higher risk activities such as tax minimisation schemes, public company audit, M&A work and investment advice.
We write both primary and excess layers and can co-insure on larger placements. Our maximum line size is £10m.
Benefits
Our ICAEW-compliant wording provides enhanced cover including:
- Full civil liability cover
- Any one claim or aggregate limit of indemnity available
- Defence costs in addition
- Cover for Ombudsman awards up to the limit of indemnity
- Cover for loss of documents
- Compensation for court attendance
- Capped excess available for ICAEW-regulated firms
- Full retroactive cover available
Cover
Cover is provided on a ‘claims made’ basis, meaning the policy is triggered when a claim arising from the firm’s professional business is made against the insured and notified to insurers during the policy period. We investigate the allegations, appoint solicitors if appropriate and provide an expert defence, having regard to the commercial sensitivities of any client relationships.
Accountants Professional Indemnity Documents
Fact Sheet
Policy Wording (CAPIV1)
Changes to your policy (please read in conjunction with the policy wording above)
Proposal Form
Please refer to the policy document for the full terms, conditions, limits and exclusions.
Architects and Engineers Professional Indemnity
Overview
We’ve been a leading insurer of UK architects and engineers for ten years and bring a real understanding of the issues affecting the profession to our underwriting approach. We focus on firms providing traditional architectural or engineering services on small to mid range project values (up to £20m). Our minimum premium is £500 plus IPT.
Professional Indemnity insurance is compulsory for all registered architects engaged in private practice in the UK and our policy wording is compliant with the Architects’ Registration Board and RIBA requirements.
We write both primary and excess layers and can co-insure on larger placements. Our maximum line size is £10m.
Benefits
- Cover on a civil liability basis (including dishonesty and libel)
- Any one claim limit of indemnity
- Loss of documents
- Compensation for court attendance
- Covers insured for work of their sub-contractors
- Collateral warranty cover
Summary of cover
Cover is provided on a ‘claims made’ basis, meaning the policy is triggered when a claim arising from the firm’s professional business is made against the insured and notified to insurers during the policy period. We investigate the allegations, appoint solicitors if appropriate and provide an expert defence, having regard to the commercial sensitivities of any client relationships.
Architects and Engineers Professional Indemnity
Fact Sheet
Policy Wording
Proposal Form
Please refer to the policy document for the full terms, conditions, limits and exclusions.
IT Consultants Professional Indemnity
Overview
We have been a leading insurer of UK IT professionals for ten years and bring a real understanding of the issues affecting the profession to our underwriting approach. We are happy to tailor policies to meet specific client requirements.
Professional Indemnity Insurance (PII) is often a contractual obligation for IT contractors and consultants.
Our focus is on small to medium firms, typically with fee income up to £3m, involved in project management, software development, hardware installation, software sales, data processing, training, website design and web hosting. We write both primary and excess layers and can offer policy limits up to £10m.
Benefits
- Cover on legal liability basis (including dishonesty and libel)
- Any one claim or aggregate limits available
- Data Protection Act cover
- Breach of confidentiality
- Intellectual property rights
- Loss of documents
- Compensation for court attendance
- Covers insured for sub-contractors’ work
Summary of cover
Cover is provided on a ‘claims made’ basis, meaning the policy is triggered when a claim arising from the firm’s professional business is made against the insured and notified to insurers during the policy period. We investigate the allegations, appoint solicitors if appropriate and provide an expert defence, having regard to the commercial sensitivities of any client relationships.
IT Consultants Professional Indemnity Documents
Fact Sheet
Policy Wording
Proposal Form
Design and Construct Professional Indemnity
Overview
We provide Design and Construct PI for contractors with responsibility for the design and construction of building projects, usually under the JCT standard forms of contract.
Our policy coverage is broad and can be tailored to meet the specific needs of clients. Our maximum line size is £10m.
We write both primary and excess layers, focusing on small to medium contractors, typically with turnover up to £50m.
We also insure purely ‘contingent’ risks where advice is provided, creating a potential professional negligence exposure. Our minimum premium for this class is £1,000.
Benefits
- Cover on legal liability basis (including dishonesty and libel)
- Any one claim or aggregate limits available
- Breach of confidentiality
- Breach of copyright, patent or registered design
- Mitigation of loss cover
- Loss of documents
- Compensation for court attendance
- Covers insured for work of their sub-contractors
Summary of cover
Cover is provided on a ‘claims made’ basis, meaning the policy is triggered when a claim arising from the firm’s professional business is made against the insured and notified to insurers during the policy period. We investigate the allegations, appoint solicitors if appropriate and provide an expert defence, having regard to the commercial sensitivities of any client relationships.
Design and Construct Professional Indemnity Documents
Fact Sheet
Policy Wording
Proposal Form
Please refer to the policy document for the full terms, conditions, limits and exclusions.
Miscellaneous Professional Indemnity
Overview
Our team of specialist PI underwriters has an unrivalled breadth of experience and can consider most risks on their merits. We look for ways to write even the most challenging risks, subject to a few exceptions. Whether it’s a funeral director, a pet therapist, a military decoy design consultancy or something more conventional, we can usually offer a solution.
We write both primary and excess layers and can co-insure on larger placements. Our maximum line size is £10m.
Benefits
- Cover on legal liability basis (including dishonesty and libel)
- Any one claim or aggregate limits available
- Breach of confidentiality
- Breach of copyright, patent or registered design
- Loss of documents
- Compensation for court attendance
- Covers insured for work of their sub-contractors
Summary of cover
Cover is provided on a ‘claims made’ basis, meaning the policy is triggered when a claim arising from the firm’s professional business is made against the insured and notified to insurers during the policy period. We investigate the allegations, appoint solicitors if appropriate and provide an expert defence, having regard to the commercial sensitivities of any client relationships.
Miscellaneous Professional Indemnity Documents
Fact Sheet
Policy Wording
Policy Wording (Overseas)
Proposal Form
Please refer to the policy document for the full terms, conditions, limits and exclusions.
Medical Professional Liability
Brit Insurance do not directly write Medical Malpractice Liability Insurance but as part of our suite of insurance products we partner specialist Lloyd’s Coverholder, MPLC.
MPLC’s policies provide legal liability cover for claims made against healthcare institutions and professionals arising out of the provision of medical services.
These policies cover death, bodily injury, mental injury, illness or disease caused to any patient. All of their policies provide automatic cover for ‘Good Samaritan’ acts administered at the scene of a medical emergency, accident or disaster.
MPLC are able to provide cover with limits up to a currency equivalent of GBP20M Any One Claim and GBP40M in the Aggregate for a wide range of companies, individuals and associations on a worldwide basis excluding USA.
Make contact with MPLC
Surveyors Professional Indemnity
Overview
Professional Indemnity Insurance is compulsory for all chartered surveyors engaged in private practice in the UK.
We’re a leading insurer of estate agents, property managers and letting agents, rural surveyors, project managers and quantity surveyors. Our focus is on ‘high street’ firms where valuation work is a small element of professional fees (typically less than 5%) and contract values are typically under £10m. We offer policy limits up to £10m.
We write both primary and excess layers and can co-insure on larger placements. Our policy wording is compliant with the minimum requirements of the Royal Institution of Chartered Surveyors.
Benefits
- Full civil liability cover
- Any one claim or aggregate limit of indemnity available
- Defence costs in addition
- Cover for Ombudsman awards
- Cover for loss of documents
- Compensation for court attendance
- Full retroactive cover available
Summary of cover
Cover is provided on a ‘claims made’ basis, meaning the policy is triggered when a claim arising from the firm’s professional business is made against the insured and notified to insurers during the policy period. We investigate the allegations, appoint solicitors if appropriate and provide an expert defence, having regard to the commercial sensitivities of any client relationships.
Surveyors Professional Indemnity Documents
Fact Sheet
Policy Wording
Proposal Form
Please refer to the policy document for the full terms, conditions, limits and exclusions.