Professional and Financial Risks insurances are the most complicated insurances your business will purchase. Unlike other types of business insurance there is no standard policy wording. Each policy is a unique, separate legal agreement between the insurer and the client. There are also a number of important differences in the cover provided by the various insurance products available, such as Professional Indemnity Insurance, D&O and Crime insurance.
Failure to secure the right policy coverage for your business can be disastrous in a claims scenario. Your clients, your licence, your reputation and your own personal wealth may be affected.
It is essential to have a competent insurance broker who can partner you in managing your risks and ensuring you have the appropriate insurance cover.
- Are you confident that your risks are being effectively managed and mitigated?
- Do you have in place an insurance program that will cover you in the event of a claim, or does it “tick the box” for compliance purposes?
- Is your current risk management and insurance cover adequate?
To find out, we can Audit Your Insurance