We are able to source Professional Indemnity cover for this very challenging aspect of insurance for industries such as manufacturing, process control and industry.
Professional Indemnity (PI) insurance is designed to protect professionals, including insurance brokers, against claims made by their clients for losses resulting from alleged negligence or errors in their professional services. Consequential loss coverage is an extension of PI insurance that covers losses resulting from an incident that may not be directly caused by the insured's negligence but is a consequence of it.
We undertake the following to find you PI insurance:
Determine your needs: First, we need to determine your needs for Professional Indemnity cover for consequential loss. This involves understanding the business operations, the risks faced, and the potential losses that could result from a claim.
Assess available insurance policies: We then assess the available insurance policies that provide Professional Indemnity cover for consequential loss, reviewing the policy wordings, terms, and conditions to ensure that they meet your needs.
Contact insurers: Once we have identified potential policies that meet your needs, we contact insurers to obtain quotes and negotiate terms.
Present options to the client: After obtaining quotes from insurers, we present the options and help you make an informed decision based on the coverage, terms, and cost.
Finalise the policy: Once you have selected an insurance policy, we will finalise the policy and ensure that all necessary documentation is in place.
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Leslie B Holmes (Securities) Ltd Trading as LBH Insurance, is registered as a limited company in England and Wales under company number 00473495.
We are authorised and regulated by the Financial Conduct Authority (FCA)reference number 310578.
