Nainen hymyilee konsulttivastuuvakuutus turvanaan.

Professional Indemnity Insurance

Cover against damages caused by consulting errors.

Insurance against professional liability

Liability risks, most significantly financial damages caused to clients, make up the greatest risk to companies engaged in consulting activities.

Customised professional indemnity insurance

The insurance is suitable for companies engaged in design and consulting activities. We also offer liability insurance for IT companies and construction supervisors.

Experts at your assistance in case of loss

While you focus on your core business, we will investigate your company’s liability and negotiate with the injured party if necessary.

What is professional indemnity insurance?

Professional indemnity insurance provides cover if your consulting company finds itself liable to indemnify damages caused by a design error, for example. Even a minor error in designs may result in financial losses to the client or a third party.

The loss caused by the error may be much higher than the price of the assignment. Moreover, the costs of investigating the claim and legal expenses are often considerable. If your company causes loss to another, professional indemnity insurance may protect you against liability for damages.

We also offer customised liability insurance for your company’s specific needs.

  • Professional Liability Insurance for IT Company Consultants offers cover against damages resulting from consultation on IT products, such as hardware and software.
  • Professional Indemnity Insurance for Construction Supervisors is suitable for companies engaged in construction supervision. By building work supervision we mean construction supervision to ensure that construction is carried out in a way that is technically correct and technically in agreement with the construction contract.

What is covered by professional indemnity insurance?

Professional Indemnity Insurance, Professional Liability Insurance for IT Company Consultants and Professional Indemnity Insurance for Construction Supervisors compensate bodily injuries, property damage and financial losses to third parties for which your company is legally or contractually liable. Your company’s indemnification liability may be the result of an error, deficiency or omission in designs, research results and measurement results.

Pohjola Insurance experts are at your assistance in the event of a loss Focus on your core business while we investigate your company’s liability and negotiate with the party demanding damages. We will appear in court or pay the legal expenses if the claim for damages leads to legal proceedings.

Professional Indemnity Insurance: how is the price determined?

The price of Professional Indemnity Insurance depends on factors such as the lines of business for which your company provides design and consulting services and their annual billing. The price of your insurance also depends on the sum insured and deductible you choose. Contact us for more information.

How it works

  1. Request an offer

    Enter your contact details in the form and we’ll contact you.
  2.  
  3. Our specialist’s proposal

    We’ll chart your company’s risks with you and tailor insurance cover that suits those risks.
  4.  
  5. You’ll decide how to proceed

    Our offer is not binding on you. Take your time to read it and make your decision.

Examples of compensated claims

Filter:

Supervision of a balcony renovation

Professional Indemnity Insurance for construction supervisors

A construction supervisor had supervised a balcony renovation for a housing company and approved the substandard work of the contractor as accepted in its entirety. The customer had paid the last instalments to the contractor, who was declared bankrupt before the errors and deficiencies for which they were responsible were rectified. The supervisor had made an error in accepting the contractor’s work. Because of the supervisor’s error, the housing company suffered financial losses in the form of the costs of rectifying the error in the work. We covered the loss from the supervisor’s general liability insurance, minus the deductible.

Cash system error

Professional liability insurance for IT company consultants

Company A delivered a cash system to customer B. Due to an error in the system, some of the products scanned at the cash register were not debited from buyers. Because of this, B suffered a financial loss in the form of uncharged prices. We compensated the loss, minus the deductible.

How can I take out Professional Indemnity Insurance for my company?

Please leave your contact information using the button below and we will send you a quote for Professional Indemnity Insurance. Our experts at Pohjola Insurance have extensive understanding of the sector and can provide more information on the content and price of Professional Indemnity Insurance. We also offer customised liability insurance for your company’s specific needs. Contact us for more information.

After receiving your request for quote, we will contact you to determine the best liability and other insurance solutions for your company!

Nainen selaa kannettavalla tietokoneellaan tietoja tilanteista, joissa vastuuvakuutus on hyödyksi.
Liability insurance
Business liability insurance covers your company in case of indemnification liabilities.
Mies on palaverissa ja hymyilee tietäen, että hänellä on turvanaan uuden yrittäjän vakuutuspaketti eli Yritysykkönen.
Special Corporate Insurance
Insurance package to protect your company’s movable property and operations. Special Corporate Insurance also covers sudden breakage losses.
The insurer is Pohjola Insurance. The losses will be covered in accordance with the law and the insurance terms and conditions.
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