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Home » Business » Trade & Industry » Professional Services

If your business involves giving advice, consultancy services or any form of diagnosis then your professional reputation is of utmost importance. And if your business is about giving advice and support to others then you’ll recognise the importance of cost-effective but comprehensive solutions that are relevant to your professional specialisation. To ensure your cover is placed on the right basis it is important you obtain impartial advice on your insurance needs.

  • Cover for physical and intangible risks
  • Tailored packages
  • Protection for managers and directors
  • Independent advice

The Alan Boswell Group Difference

ABG Difference

As a professional service company ourselves we appreciate the standards required within this sector. Being a chartered insurance broker means our ability and ethos has been acknowledged by our industries premier professional body. We understand the needs of a professional service company and will work with you and provide comprehensive advice on your insurance requirements and options.

How our customers rate us

Alan Boswell have consistently demonstrated everything I have ever wanted for insurance - professionalism, expertise, attention to detail, courtesy, whole of market coverage and value for money.

Mr Lawson - Professional Indemnity Insurance

Professional Services Insurance in detail

As a professional service company you will have a variety of needs dependent on your specific business:

  • Property Insurance Cover for your buildings and business contents, equipment etc
  • Liabilities Cover for Employees and Public liability
  • Professional indemnity insurance Cover if you provide service or advice.
  • Business interruption Income/Profit protection following a loss
  • Computer insurance/cyber liability Cover for physical damage and loss of data or a data breach
  • Business travel Cover for travel with the UK and abroad
  • Directors' and Officers' Cover for directors and managers for accusations of wrongful acts
  • Office & Surgery Specific sector insurances
  • Health & Associated services Medical malpractice and liability cover

If you don’t manufacture/provide a specific tangible product chances are your commercial/office insurance may not cover you for professional indemnity insurance and it is important to ensure you are covered for any potential risks.

If you practice health or medical advice then you should seek expert advice to ensure you are covered for all the risks you are exposed to.

FAQs

  • It depends on what your business offers. Whilst no two businesses are the same, no two office policies are the same. We will work with you to understand your needs and recommend the correct policies for you.

  • For public liability the absolute minimum recommended amount would be £1million although best practice would be to have £2million to £2.5million or higher dependent on your exposure. From a professional indemnity limit it would very much depend on the size and value of your contracts and any specific contractual agreements.

  • A retroactive date is a date for how far back claims will be accepted under a professional indemnity policy. Even though claim events may have occurred before a policy was taken out the inclusion of a retroactive date will provide this additional cover.

  • Yes; diversification is not a problem. Please ensure that you tell your insurance provider in advance of your planned diversification in order that the relevant cover can be put in place

  • We cover most solicitors’ professional indemnity with the exception of criminal defence.

Get in Touch

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01603 218000
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