Libra Insurance Services Ltd.

Professional Indemnity insurance provides financial protection for your business. Click here for an instant online quote.

If you offer a service (including the giving of advice) in a specific area, or set yourself up as a specialist, you owe a duty of care to anybody who might rely upon your service and advice.

If a client alleges that he has suffered a financial loss due to an error that you have made in providing your service, you could find yourself involved in a time consuming and costly legal dispute.

Even in cases where an accusation is subsequently proved to be unfair or unjustified, you could still become involved in substantial legal costs – even if the matter does not proceed to court!

Professional Indemnity cover can indemnify your Company against the costs of defending claims and payments of any damages or awards found against you, as a result of an allegation of a financial loss to a third party due to negligent error or omission or in carrying out your professional duties or giving advice,

In certain professions (such as Solicitors, Accountants, Chartered Surveyors, Insurance Intermediaries to name but a few) it is not possible to trade without this type of cover being in place.

There are of course, terms, conditions and exclusions under each and every policy. A policy excess is usually applicable to this type of cover. The excess amount is dependant upon the type of trade and level of cover. We can provide quotations for most professions, please contact us for more information.

Directors & Officers Liability

This cover is often confused with Professional Indemnity, although there is some overlap, the two covers are not synonymous. D&O cover is concerned with the failure of Directors and senior management in performance of their management duties.

Who can be covered? The past, current and future directors and officers of the insured company and its subsidiaries

Why? To protect directors and officers who may be sued or held liable in a personal capacity, for any act which is negligent, outside their authority, or in breach of duty or trust.

Quotations are individually rated, dependent on size of company, nature of trade and experience of directors / officers. Detailed financial information may be required.