Our specialized team at Walton has the experience, expertise, resources and insight to evaluate your specific needs and design a customized solution

Professional Indemnity

Scope of Cover
• PI also known as Errors and Omissions (E&O) insurance provides financial protection (cost of defending claims and    any damages payable) to professional advisers in the event that their clients suffer financial loss as a result of    their alleged wrongful or negligent advice.

Who needs the cover?
• Any person who gives advice, designs or provides similar services and presents him/herself as a professional to    the client

Professions covered
• Advocates-Lawyers
• Auditors/Accountants/Tax advisors
• Actuaries
• Architects/Consulting Engineers/Quantity Surveyors
• Estate agents/Surveyors/Valuers/Property Consultants
• Physicians/Hospitals/Veterinary/Surgeons/Doctors
• Insurance Brokers

Underwriting considerations
• Claims History
• Profession to be covered
• Experience of the staff
• Limits of Indemnity chosen
• Turnover (annual fees/commission of the firm)
• Number of principals/partners/staff
• The period the firm has been in existence
• Deductibles applicable
• Terms and conditions

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