If you’re a business that’s giving advice, designs, or creating specification; you can face a wide range of risks depending on what you do.
Professional Indemnity Insurance, often referred to as Professional Liability Insurance or PI insurance, covers legal costs and expenses incurred in your defence – as well as any damages or costs that may be awarded if you are alleged to have provided inadequate advice, services or designs that cause your client to lose money.
As the professional indemnity market continues to harden, insurance buyers are facing growing challenges.
Faced with the conditions of a hardening market, we advise our clients expertly through the insurance process, check that premiums are fair and make sure that the type of PII cover they are offered is right for their needs.
Reich has a specialist and experienced team with knowledge and contacts throughout the market. They can help by providing a free assessment of your existing insurance programme to ensure that:
- Your current insurance programme covers the key risks you face
- Your current insurance programme is placed with the most suitable insurers and for the most realistic price
We insure a wide range of professions and can cater for any business with an exposure:
- Architects & Associated Professions
- Surveyors & Estate Agents
- Safety Advisors
- Advertising Agencies
- Design and Construct
- Technology Risks
- Education Providers
We have used Reich to review all of our personal and company policies. They have been responsive to my requests and went out of their way to organise Public Liability and Professional Indemnity insurance, quickly and efficiently when I was let down by another insurance broker. The customer experience has been really positive, being accessible and responsive at all times.
Caroline Pearson, Pearson Fraser Chartered Accountants