Professional Indemnity Insurance

A Professional Indemnity Insurance policy provides indemnity against loss arising from a breach of duty which may be made and reported to the insurers during the policy period by reason of any neglect error or omissions committed in the conduct of the insured's professional business. An important feature is that cover operates on a "claims made" basis but can relate to work carried out at any time in the history of the insured's business.

Some Professional Indemnity Insurance policies go further than the standard cover and provide indemnity to the insured for "Civil Liability" covering areas such as breach of contract and libel and slander. Cover will often also include :-

  • Loss of documents
  • Dishonesty of employees
  • Fidelity
  • Unintentional breach of confidence
  • Infringement of copyright and intellectual property rights
  • Previous firms or previous partners

Directors and Officers Insurance

Directors liabilities can be summarised under four distinct headings:-

  • Personal liability to third parties for acts of the company
  • Regulatory/disciplinary proceedings and investigations
  • Civil liability to the company at common law
  • Statutory liability

If claims or disputes arise the directors/officers of the company can be made personally liable. The most likely source of a claim would be from the following areas:-

  • Shareholders
  • The Department of Trade and Industry
  • The Official Receiver
  • The Company itself
  • Regulatory bodies
  • Customers

Directors and Officers Insurance also operates on a "claims made" basis. To find out more about D&O click on the button below.

Directors & Officers

Credit Insurance

The spectre of bad debt hangs over many companies and Willis IRM can provide a consultancy service that addresses the financial health of your organisation. Credit Insurance can be a solution to non-payment concerns and we will provide an objective view on the suitability of a policy for your company as well as discussing the cost effectiveness of cover versus risk.

Insuring your sales ledger which can be your largest asset

  • Early warning system
  • Assessing credit worthiness of existing customers
  • Comfort to enter new and overseas markets
  • Debt recovery service
  • Access to better finance
  • Enhances credit control
  • Reduce bad debt provisions

We have access to specialist Credit Insurers and can design a policy that meets your requirements.

Related Content

If you would like further information or you would like to hear more about Willis Insurance & Risk Management, please contact Darrel McCartan on 028 9032 9042 or complete our quick enquiry form.

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Willis Insurance and Risk Management, Willis Wealth Management and Accident Investigation Services are trading names of Willis & Company (Insurance Brokers) Ltd, which is authorised and regulated by the Financial Conduct Authority - 309124. Registration No. NI 32004. Registered in Northern Ireland.

If you are unhappy with our service, we have a complaints procedure, details of which are available upon request. If you are unhappy with how your complaint has been dealt with, you may be able to refer your complaint to the Financial Ombudsman Service (FOS). The FOS website is

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