Professional Indemnity Insurance
In the process of providing services related to the use of professional knowledge and experience, the company bears the risk of damage to third parties as a result of any wrongful professional act.
Often the cause of damage is the human factor - the employee of the company during provision of professional services can make any mistake or omission, that can lead to damage to third parties in the future and, as a consequence, to the claim to the company. In this case, the affected party may be both counterparties and partners, as well as third parties the company may not have any relations with.
Professional liability insurance aimed at protecting the Insured against third party claims due to errors and omissions that can be made by Insured in the process of it's professional activity.
Aon provides its services to:
- IT-companies;
- Auditors, accountants;
- Real estate management specialists;
- Surveyors;
- Lawyers;
- Architects, designers
PI policy may include the following extensions:
- Defence Costs;
- Compensation for Court Attendance;
- Replacement of Documents/Computer Records Cover;
- New Subsidiaries, past Subsidiaries;
- Consultants, subcontractors and agents;
- Employee Dishonesty;
- Intellectual Property;
- Defamation;
- Privacy Breach;
- Internet Liability
- Inquiries;
- Loss mitigation and fee recovery;
- Public relations expenses.