MENU
  • Home
  • Loans
    • PERSONAL LOANS
    • BUSINESS LOANS
    • HIRE PURCHASE
    • LEASING
    • BRIDGING FINANCE
    • STUDENT LOANS
    • RETAIL FUNDING
  • Insurance
    • HOUSEHOLD INSURANCE
    • MOTOR INSURANCE
    • MOTORCYCLE INSURANCE
    • BREAKDOWN INSURANCE
    • TRAVEL INSURANCE
    • LIFE INSURANCE
    • MARINE INSURANCE
    • PRIVATE MEDICAL INSURANCE
    • PROFESSIONAL INDEMNITY
    • INSURANCE UPDATES
    • TERMS OF BUSINESS
  • Business Insurance
  • Mortgages
    • MORTGAGE CALCULATOR
    • BRIDGING FINANCE
    • LIFE INSURANCE
    • HOUSEHOLD INSURANCE
  • Partners
  • Investment
  • FAQs
  • About Us
  • News
  • Contact Us
  • About Us
  • News
  • Contact Us
http://www.facebook.com/pages/Cherry-Godfrey-Finance/159140760796043 http://twitter.com/CherryGodfreyCI https://www.linkedin.com/company/cherry-godfrey
Loan Services Insurance Services Business Insurance Services Mortgage Services Investment Services
Guernsey Guernsey
Jersey Isle of Man UK / Other
CCTA Lloyds Standard Financial Statement
  • Home
  • Loans
    • PERSONAL LOANS
    • BUSINESS LOANS
    • HIRE PURCHASE
    • LEASING
    • BRIDGING FINANCE
    • STUDENT LOANS
    • RETAIL FUNDING
  • Insurance
    • HOUSEHOLD INSURANCE
    • MOTOR INSURANCE
    • MOTORCYCLE INSURANCE
    • BREAKDOWN INSURANCE
    • TRAVEL INSURANCE
    • LIFE INSURANCE
    • MARINE INSURANCE
    • PRIVATE MEDICAL INSURANCE
    • PROFESSIONAL INDEMNITY
    • INSURANCE UPDATES
    • TERMS OF BUSINESS
  • Business Insurance
  • Mortgages
    • MORTGAGE CALCULATOR
    • BRIDGING FINANCE
    • LIFE INSURANCE
    • HOUSEHOLD INSURANCE
  • Partners
  • Investment
  • FAQs
ONLINE PAYMENTS

Professional Indemnity

The Risks

Any company, practice or individual that provides professional advice or services is potentially exposed to legal actions arising from the conduct of their professional business.

A duty of care exists and if a breach of that duty arises, then the company could face claims from clients alleging negligence, errors or omissions in connection with the advice or service provided. Defending such actions can be costly, and if the defence is unsuccessful the company will face the prospect of not only paying their own legal defence costs, but also those for the other party including any damages awarded against them. Even if the defence is successful, then the company may be left with expensive legal bills to settle.

In today’s litigious environment, the risk of allegations of negligence increases, no matter how spurious, and without insurance protection the cost of the legal defence and any subsequent settlement can prove disastrous for the business.

The Solution

A Professional Indemnity insurance policy (also known as PII or errors & omissions insurance) will provide protection to a company from such claims. For some professions PI insurance is a regulatory or professional requirement (such as lawyers, trust companies, accountants, architects, and insurance brokers). Other companies may choose to have this type of insurance as part of good business practice.

Cherry Godfrey works closely with our customers to gain a full understanding of the type and range of professional services provided to ensure we provide a tailored solution with the widest possible cover for the most cost-effective premium.

The Cover

The insurance market offers a myriad of different PI policy wordings and subtle differences in policy wordings can have a wide affect on the scope of cover provided. Many professions have industry specific wordings and mandatory requirements on the scope and level of PI cover to be arranged. This is where expert advice from a specialist insurance broker, such as ourselves,can provide an advantage.

All policies will provide for damages and legal costs, with many insurer wordings expanding the scope of protection provided to include loss of documents, court attendance costs, breach of confidentiality, libel & slander, and fidelity.

Professions

Cherry Godfrey provide advice and insurance solutions to both offshore service providers and more “traditional” professional firms.

Financial sector clients include: Trust Companies, Corporate Service Providers, Fund Managers, Fund Administrators,and Advocates.

Other professionals include: Accountants, Lawyers, Architects, Surveyors, Engineers, Management Consultants, Independent Financial Advisors, IT Consultants.

  • Call Back ServiceCall Back ServiceSubmit a call back
  • Online PaymentsOnline PaymentsPay Online
  • Home
  • Loans
  • Insurance
  • Business Insurance
  • Mortgages
  • Partners
  • Investment
  • FAQs
  • About Us
  • News
  • Contact Us

Cherry Godfrey Insurance Services Limited is licensed by The Guernsey Financial Services Commission.

Cherry Godfrey Insurance Services (Jersey) Limited is regulated by the Jersey Financial Services Commission in the carrying on of investment and general insurance mediation business.

Cherry Godfrey Insurance Services (IOM) Limited is registered with the Isle of Man Financial Services Authority as an insurance intermediary in respect of general business.
Registered in the Isle of Man No. 133544C. Registered Office: Aston House, 36 Hope Street, Douglas, Isle of Man, IM1 1RA. Directors David Cherry, Tanith Cherry, Tim Rattray, Colin Mitchell & Alexie McGrath.

Cherry Godfrey Finance (Isle of Man) Limited is registered with the Financial Services Authority under the Designated Business Act 2015 and licenced by the Office of Fair Trading under the Moneylenders Act 1991.

Guernsey
Guernsey Jersey Isle of Man UK / Other

© Cherry Godfrey Holdings Limited 2021 – Privacy and Data Policy | Terms of Use | Introducing Dealer Terms | Unsubscribe from our mailing list


x
Please select your location
Guernsey

Guernsey

Jersey

Jersey

Isle of Man

Isle of Man

UK / Other

UK / Other