For businesses that advise, certify, design, or consult. Cover that responds when a client claims your advice or work caused them loss.
PI is a claims-made policy, which means the insurer on risk when a claim is made is the insurer who pays, not the insurer on risk when the work was done. This has significant implications for how policies need to be structured and maintained.
What a good PI policy looks like
A retroactive date that goes back as far as your professional exposure. A profession definition broad enough to cover how your business actually operates today, not just what you did when the policy was first written.
Defence costs in addition to the limit, not eroding it. An insurer with claims experience in your profession who understands what's at stake.
We look for
PI is claims-made. A policy purchased today may not cover work done before the retroactive date. Old work, new claim. Not covered.
Policy doesn't include access to a forensic team, legal counsel, or PR support at point of incident. Client is on their own for the first 72 hours.
Policy defines the insured profession narrowly. The business's work has expanded. Activities outside the definition aren't covered.
When a business closes or a director retires, the PI policy lapses. Claims arising from past work are then undefended. Run-off cover prevents this.
We'll check your retroactive date, profession definition, and limits, then go to the right markets for a proper comparison. No cost, no obligation.