Professional Indemnity Claims Examples

Professional indemnity claims examples.

Professional indemnity claims examples. We were able to help reduce compensation costs and settle the claim. Depending on your sector the kinds of professional indemnity claims you could encounter will vary dramatically. 0116 269 0999 email protected pi insurance claims. Here are some recent real life claims examples provided by one of our insurance partners prorisk underwriting.

Example of a claim. Professional indemnity claims examples. As promised here are some actual professional indemnity claims examples of various types we ve dealt with made against actual clients of various types. Professional indemnity insurance covers you for making mistakes.

Axa professional indemnity insurance covers you for the value of claims made against you as well as the costs incurred in investigating defending or settling a claim made against you. If you want to read more then visit our professional indemnity insurance page. With significant losses to 3 of the insured s clients a specialist taxation barrister was engaged. Professional indemnity insurance.

To put this into context if two 75 000 claims are made against a 100 000 any one claim professional indemnity policy the insurer would cover the costs of both claims as they are both under the 100 000 limit. Before getting stuck in to some examples here is a brief re cap on professional indemnity insurance. But we know having a claim made against you can be stressful a quarter of small business owners worry that a client will claim for compensation for them making mistakes on client projects. That said there are some common claims which affect most industries.

Real life professional indemnity claims examples. The insured was retained by a western australian wheat farmer to advise on the soil. For instance a spelling mistake on a printed advert could land the responsible marketing agency in hot water. Our customer found himself challenged on the quality of his client work they filed an indemnity claim for negligence.

Professional indemnity claims examples agronomist and agricultural consultant agronomist 15 staff 2m turnover agronomist 7 staff 1 1m turnover background a claim was made against the insured for the loss of 220 000 worth of wheat crops. And why eminem sued a new zealand political party. The lawyer was aware of some grey areas in the emergency tax rules and on his recommendation the three matters were reported to the ird with his submissions on the questionable rules. Examples of professional indemnity claims.

Real estate agent claim 1. Your policy should also cover claims involving infringement of intellectual property rights and defamation. This article will help you understand professional indemnity claims. Don t think it can happen to you.

He reported the circumstances as a possible claim under his professional indemnity insurance.