Professional Indemnity Insurance
Insurance Linx Limited has developed an area of expertise in servicing the insurance requirements of Businesses who provide Professional Services
Professional Indemnity Insurance provides essential financial protection by meeting the costs of both defending claims and settling any damages payable for a wide range of professionals in the event that a client suffers financial loss as a result of alleged neglect, error or omission.
Any individual or Organisation who provides advice, designs or offers similar services in a professional capacity will be regarded as an expert by their clients. Clients will rely on such expertise and especially in these times of high consumer awareness will not hesitate to pursue a claim against their advisors, should they feel that they have received sub-standard advice or service. A simple error, omission or just a mis-statement can be all it takes to trigger a claim.
Lawsuits are becoming more commonplace with claimants having greater access to the courts where awards have risen sharply over recent years. Regardless of the guilt or innocence of the professional, the time and costs of defending a claim can be financially devastating.
Insurance Linx Limited takes the time and trouble to fully understand our clients business and the professional risks associated with it. We ensure that our client's business risk is fully presented and understood by our panel of specialist insurers. A full underwriting analysis of the risk not only results in a policy that will respond to the risks a client is exposed to, but can also result in premium savings where specific risks are identified and effective risk management is in place.
The days when only the traditional professions such as Accountants and Lawyers needed protection against liabilities arising out of legal obligations to their clients are past. Today our clients could range from Feng Shaui consultants to Pole Dance Instructors - All our customer's clients have high expectations of their professional advisors and they are only too aware of their rights in our ever increasingly litigious world.