Miscellaneous PI business, which by its very nature is difficult to define, falls squarely within Tokio Marine HCC’s criteria for target business. If a company or individual is in the business of selling knowledge or services, the prospect of a complaint or an allegation of negligence is very real. Even if such allegations are baseless, it can be a very stressful and costly process to defend. Having a professional indemnity policy provides peace of mind for both the insured and their clients.
Office Protect - Covid 19 alterations:
As many business premises are closed as a result of the UK Government’s advice and therefore many employees are working from home we are making the following temporary changes to policy coverage:
- The 30 day unoccupancy condition has been extended from 30 days to 90 days.
- The premises as stated in the Policy Schedule is deemed to include any employee‘s home address, where office equipment is being used.
Both of these cover alterations will be reviewed depending on the length of the lockdown.
If you have any queries in relation to the above, or any other aspect of policy coverage then please contact your Underwriter.
Professional Indemnity (PI) Today and Tomorrow