In a highly litigious world, the advice that professional services businesses provide to their clients is increasingly open to challenge. Our experienced team of practitioners is dedicated to helping you manage and mitigate that risk, offering a range of tailored professional indemnity insurance and risk management services to protect your business.

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Professional Indemnity Insurance

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Our experience and market access makes the difference

In a highly litigious world, the advice that professional services businesses provide to their clients is increasingly open to challenge. Our experienced team of practitioners is dedicated to helping you manage and mitigate that risk, offering a range of tailored professional indemnity insurance and risk management services to protect your business.

Our clients come in all shapes and sizes, from small boutique practices to some of the largest in the world. Globally, we work with 30 of the top 100 law firms, eight of the top 20 largest ranked engineering and construction firms, as well as representing industry associations including the Association of Chartered Certified Accountants, The Law Society of Scotland and, our professional peers, British Insurance Brokers’ Association.

Utilising lasting relationships with highly-rated insurers across the globe, we also offer our clients exclusive access to insurance capacity and facilities for a variety of professions, including accountants, insurance brokers, IFAs, solicitors and surveyors.

What we bring

Who we work with

  • Accountants

  • Architects, engineers and contractors

  • Insurance brokers

  • IFA's

  • Recruitment/ umbrella companies

  • Solicitors

  • Surveyors

  • Emerging professions such as IT and business consultancies

Our services

  • Professional indemnity insurance

  • Multi-year single project professional indemnity

  • Cyber liability insurance

  • Management liability insurance

  • Crime insurance

  • Regulatory response insurance

  • Asset protection insurance

  • Package office insurance (Lockton Office Guardian)

  • Risk management advice, training and consultancy

Our European Contacts

Sebastian
Nergård

Vice President
+47 480 75 463

News and Insights

The exponential growth and reach of social media have given consumer brands new platforms to engage with existing clients as well as to expand their client base. It can, sometimes in conjunction with partnerships with influencers, enable brands to target specific consumer groups and re-shape the image of products and brands. However, social media has also amplified the potential negative effects that statements or events can have on a company’s reputation, both in terms of frequency as well as severity.Addressing the reputational risk social media creates for consumer brands

How indexation helps to prevent underinsurance in real estate

High inflation has contributed to soaring reconstruction costs in real estate. This inflation is intertwined with high demand, supply chain issues, labour shortages, and expensive energy. Indexation can help keeping sums insured aligned with actual replacement costs, preventing insurance payouts from failing to cover the full costs of a loss event.   High inflation has contributed to soaring reconstruction costs in real estate. This inflation is intertwined with high demand, supply chain issues, labour shortages, and expensive energy. Indexation can help keeping sums insured aligned with actual replacement costs, preventing insurance payouts from failing to cover the full costs of a loss event.

Why museums need a well-managed and scheduled collection

The recent theft of several objects from the British Museum has underlined the need for effective collection management among museums, galleries, and other collection-based institutions. While government-sponsored institutions will usually be covered for their losses by the state, private institutions will typically purchase commercial insurance. For such institutions, failure to demonstrate collection management best-practice could trigger negative consequences in the event of a loss, including financial or reputational damage, or less favourable insurance terms.The recent theft of several objects from the British Museum has underlined the need for effective collection management among museums, galleries, and other collection-based institutions. While government-sponsored institutions will usually be covered for their losses by the state, private institutions will typically purchase commercial insurance. For such institutions, failure to demonstrate collection management best-practice could trigger negative consequences in the event of a loss, including financial or reputational damage, or less favourable insurance terms.

Recent events create volatility for terrorism insurance

The global terrorism and political violence market has experienced increased volatility in recent years. Civil unrest in Chile, Hong Kong and South Africa generated significant losses. This was further compounded by the Russian invasion of Ukraine. In response, the market hardened quickly: insurers pushed for higher rates to offset losses, imposed more restrictive terms and adjusted their risk selection approach. Sublimits that had been available for extensions like “contingent business interruption”, “unnamed suppliers”, “service interruption” and “miscellaneous unnamed locations” were commonly excluded, as renewal negotiations became more protracted.The global terrorism and political violence market has experienced increased volatility in recent years. Civil unrest in Chile, Hong Kong and South Africa generated significant losses. This was further compounded by the Russian invasion of Ukraine. In response, the market hardened quickly: insurers pushed for higher rates to offset losses, imposed more restrictive terms and adjusted their risk selection approach. Sublimits that had been available for extensions like “contingent business interruption”, “unnamed suppliers”, “service interruption” and “miscellaneous unnamed locations” were commonly excluded, as renewal negotiations became more protracted.
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We bring creative thinking and an entrepreneurial spirit to the insurance business and are uniquely positioned to help you succeed.

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