Professional Indemnity Insurance (PII) provides cover to organisations and individuals in respect of negligent advice given i.e. failure to exercise reasonable skill and care in providing professional or advisory services which may result in financial loss to the client. PII covers any legal costs and other expenses incurred in the defence of an allegation, as well as damages or costs that may be awarded to the client.
Tempo's Underwriting Approach:
- We underwrite each risk on its individual merits
- AOC/AGG limit options are available
- We write on behalf of Lloyds of London and Company Market
- We specialise in Middle-Market, Affinity Schemes and SME business
- We can consider larger organisations on a coinsurance basis
- Quick quote turnaround and efficient policy documentation issuance.
Professions considered:
- Architects, Consulting Engineers, Design & Construct
- Solicitors, IT Consultants, Management Consultants, Miscellaneous trades
- Surveyors, Insurance Brokers, Recruitment Consultants and more.
UK:
- Single risks, schemes and portfolios of PI business
- Up to £10m limit of indemnity per risk
- Broker, Affinity and InsurTech distribution.
European and International:
- Single risks, schemes and portfolios of PI business
- A wide range of territories considered with a focus on CEE
- Dual language wordings
- Up to £10m limit of indemnity per risk
- Broker and Affinity distribution.
