SMART RISK MANAGEMENT

Protecting your business.

The details count.

Our Professional Indemnity insurance protects you and your company against allegations of professional negligence and claims for loss or damage made by clients or third parties as a result of negligent services you provided or negligent advice you offered. It’s important that the cover you have matches your risks.
QUADRANT PI GROUP COVER

Policy Wording & Endorsements

Keeping you informed every step of the way.

We think transparency is important, so you understand exactly what you’re covered for as advisers. That’s why, unlike some other insurers, we make your policy wording available to you. Download the Policy Wording and Quadrant PI Endorsements for the Group Policy.

Quadrant PI Cover

Professional Indemnity

What is Covered

Professional Indemnity insurance protects you and your company against allegations of professional negligence and claims for loss or damage made by clients or third parties as a result of negligent services you provided or negligent advice you offered. Claims can be brought against you even if you provided a service or offered advice for free.

 

Additional Cover Options*

*These are not included as part of standard Quadrant Professional Indemnity Group Cover
offering and if you are interested, can be quoted separately.

General Liability Cover

What is Covered

If a company/adviser is required to pay compensation to a person due to a ‘personal injury’ or ‘property damage’ claim, where that damage is caused by the business. This is likely to be related to issues with an office an adviser may rent.

Fidelity Cover

What is Covered

Where the adviser has a financial loss due to dishonest acts. This is probably to cover fraud etc by employees.

Employment Practices Liability

What is Covered

Covers employment disputes, where an adviser may have breached the contract of an employee. This is usually around unrightful termination, stolen wages, illegally declining holiday leave etc. This would also be used for things like sexual harassment claims from staff.

Directors & Officers Liability

What is Covered

This covers the cost where the adviser (not their business) is required to personally pay something as a result of a legal claim, as long as it’s based on actions they did as part of their role in that company. Basically to prevent personal losses.

Statutory Liability

What is Covered

If you break any of the rules in the acts that are relevant to the industry e.g. fair trading act, financial advisers act etc.

Internet Liability

What is Covered

For issues caused by a company’s use of the internet, including website and email (issues with spreading a virus, data loss, client privacy breaches – and all the related costs for paying the IT expert, and loss if income by the company while data is re-entered etc).

Criminal Defence Legal Costs

What is Covered

It provides legal defence costs for litigation, as opposed to criminal defence. That means when defending accusations of negligence, incompetence, statutory breach, complaints, etc, not theft charges defence of anything similar.

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