Providers of professional services can find themselves in disputes with their clients and others claiming damages allegedly caused by their services’ failure to meet their expectations or the legal standard of care. Even when these claims have little or no merit, professional firms must pay for a defence against such allegations, and may even find that a settlement is preferable to the uncertainty and expense of protracted litigation.

PRODUCT

Professional Indemnity

Professional Indemnity

Providers of professional services can find themselves in disputes with their clients and others claiming damages allegedly caused by their services’ failure to meet their expectations or the legal standard of care. Even when these claims have little or no merit, professional firms must pay for a defence against such allegations, and may even find that a settlement is preferable to the uncertainty and expense of protracted litigation.

Wide Array of Clients

Lockton works with a wide array of clients in the professional liability arena, including (but not limited to):

  • Accountants

  • Architects

  • Construction & engineering firms

  • Design professionals

  • Healthcare workers

  • Insurance brokers

  • Independent financial advisors

  • Management consultants

  • Physicians

  • Solicitors

  • Surveyors

Unparalleled Knowledge

Lockton is one of the leading advisors on professional indemnity insurance. We have unparalleled knowledge of the coverage available under professional indemnity insurance policies, and strong relationships with a wide array of top professional indemnity providers

Adding Value

Lockton also offers our customers comprehensive online insurance quote, claim and policy management alongside a wealth of benchmarking and customer information. For an example, please visit www.locktonlaw.com (opens a new window) or www.locktonsolicitors.co.uk (opens a new window)

Key Contacts

Karina
Li

Assistant Vice President - Professional and Executive Risk
+852 2250 2807

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Reporting to Sung Wook Han (Head of Marine & Transportation – Asia), Isaac will lead a dedicated regional team to support airlines, lessors, airports, and MROs with tailored insurance solutions.

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But it's not all straightforward. While the years prior to 2022 saw a high volume of claims relating to civil unrest, the market has since been dominated by larger-scale incidents of political violence – forcing insurers to adapt their strategies. For buyers, this introduces complexity: S&T policies are now unlikely to offer indemnity against some of the most common threats of the last three-to-five years. This being the case, more buyers may gravitate towards the broader scope of Political Violence cover.A softening market for Political Violence (PV) Insurance is a welcome sign for buyers, following a prolonged hard period. An influx of approximately £350m of new capacity via Lloyd’s syndicates and specialist underwriting agencies is driving competition, enabling brokers to market accounts more widely and deliver premium savings to clients.

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