New Professional Indemnity Insurance
27 March 2023
We are pleased to launch our new professional indemnity insurance product range today. Created in association with The Underwriting Specialist* exclusively for brokers, allowing them to offer PI insurance solutions to clients that provide professional services, advice, or designs to their customers. This product is a fantastic addition to our extensive portfolio of commercial and home insurance products.
This new insurance product is underwritten by highly experienced PI underwriters and backed by A-rated capacity provided by Accelerant. Claims management is undertaken by PI specialists Claytons Law, so policyholders can be assured policies and claims will be managed by experts in this field.
Quotations can be obtained for PI insurance via our existing state-of-the-art system which has been built with a comprehensive question set. This allows brokers to quote and buy for ‘micro risks’, such as Accountants, Architects, Chartered Surveyors, Engineers, and IT Consultants, offering limits up to £2,000,000 any one claim. Larger risks, with limits up to £5,000,000, will be managed by our highly experienced, specialist professional indemnity underwriting team.
Our PI policy includes:
- Civil Liability Wordings
- Dishonesty of Employees
- Compensation for Court Attendance
- Collateral Warranties
- Mitigation Costs
- Lost or Damaged Documents
- Infringement of Intellectual Property Rights
- Libel, Slander and Defamation
- Fire Safety Cover
- Breach of Confidentiality
Other features and benefits include:
- Free Advice on Collateral Warranties & Appointments
Steve Cowman, Managing Director commented, “We are excited to be launching our new PI Insurance product. In October, Greg Condon joined us as an Underwriting Manager bringing over 30 years of industry experience, along with a specialism in PI insurance. Greg and the underwriting team have worked hard to develop this comprehensive PI product, which provides competitive, market-leading insurance cover, further strengthening our offering to brokers and supports our ambitious growth plans.”
*The Underwriting Specialist is a trading style of Nationwide Broker Services