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Professional Indemnity Insurance

Professional Indemnity Insurance


In today's fast paced and competitive environment, organisations are increasingly vulnerable to actual or alleged professional negligence claims from dissatisfied clients. This can have a severe and negative financial and reputational impact on an organisation. Even if the allegation is unfounded, it may prove costly to defend the organisation’s interests against alleged third party financial loss claims.


IPB Insurance’s Professional Indemnity Policy provides financial protection and peace of mind for the insured organisation against any claim for which they may become liable, arising out of their professional duty, negligent act, error or omission, committed or alleged to have been committed while carrying out the organisations business activities.


 
Summary of Cover
 
  • Limits of indemnity from €250,000 and upwards are available on request.
 
  • Cover is provided to all Employees in respect of any claim brought against them alleging a breach of their professional duty.
 
            Cover includes such contingencies (but is not limited to):

           - Defamation (libel or slander) committed in good faith
           - Negligent act, error or omission or breach of a duty of care
           - Negligent misstatement or negligent misrepresentation 
           - Unintentional breach or infringement of intellectual property rights and/or copyright, patents        
           - Unintentional breach of confidentiality or misuse of information
           - Loss of documents (Costs incurred to restore or reinstate lost or damaged documents under the
              Insured’s control)

 

Additional Features

  • Our policy covers the legal costs of defending a claim as well as compensation awarded.
  • Daily court attendance costs are covered for any Director, Employee or Senior Official, who is required as a witness in connection with any claim.
  • No excess is applicable where a claim is made solely against an Insured Person.
 
This is a brief summary of our Professional Indemnity Policy. For further information about this policy and our terms & conditions please contact us today.


Why Choose IPB Insurance?

  • In today’s environment, it is crucial to ensure that your interests are protected by an insurance company that fully understands risk.
  • With over 88 years experience in underwriting major property and liability risks, our underwriters and claims managers are among the most experienced in Ireland.
  • We will tailor a policy to meet your exact business requirements.  




Enquire About this Product
Contact our New Business Team for more details:
 
Tel:  +353 1 639 5500
Fax: +353 1 639 5510

Email: info@ipb.ie

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