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Professional liability policy
Financial Lines

 

 

A professional liability policy from Chubb will protect your business against defence costs and liability arising from allegations of, or claims for, professional negligence.

Chubb offers specific policy wordings for the following: solicitors, accountants, surveyors, estate agents, architects, engineers, design and construct, and media organisations.  The wordings combine the protection required by professional regulators with cutting-edge extra features.

Chubb also provides a general professional liability policy suitable for many other types of business.  It protects against defence costs and liability arising from claims of professional negligence.  Here are its key features.

  • Cover for representation costs in regulatory investigations
  • Wide automatic cover for subsidiaries newly created during the policy period
  • Cover on a worldwide basis, including the USA
  • Any contribution required of you in respect of a claim will be reimbursed if a final adjudication exonerates all insured defendants
  • Policy limit applies separately to each claim outside the USA
  • Defence costs paid in addition to the policy limit (when the claim is outside the USA) and advanced as they are incurred
  • Libel and slander claims covered (unless committed intentionally or recklessly)
  • Employee dishonesty claims covered
  • £100,000 cover for loss or damage to clients’ documents
  • Court attendance and staff disruption: compensation to policyholder