Professional and Business

InsurePlus can protect Professionals in the event that their client suffers financial loss as a result of alleged neglect, omission or error on the part of the Professional.

Professionals have a responsibility to act as experts for their clients. If adequate skill or care is not applied and the client suffers loss, damage or injury, the client may sue.

For example if an Accountant advises incorrectly on an inheritance issue and it results in a financial loss, the Accountant’s liability, to their client for those costs would be covered under the Accountant’s Professional Indemnity cover.

Unlike Liability insurance, Professional Indemnity cover, is underwritten on a “claims made” basis.

Briefly, this means that your current insurance company may be liable for historic incidents which have only come to light recently – even if they were not the Insurer at the time of the incident.

Because of this it is important that you consider carefully the proposal form or declaration you complete prior to arranging Professional Indemnity insurance as Insurers indemnify you, or could potentially decline a claim, based on the information they receive.

Your exposure can manifest in different ways for example:

Breach of contract
Negligent Misstatements which cause loss
Breach of duty of care

Directors and Officers owe a duty of care to their companies. If there is a breach of duty, a Director or Officer can be held legally liable.

InsurePlus can protect your firm's Directors and Officers for costs resulting from lawsuits arising out of poor management decisions, employee dismissals, shareholder grievances, and other such acts committed in good faith.

There is an increasing likelihood for a Court or company Stake-holders to hold a Director or Officer personally liable for:

Their negligence in operating a company or

The behaviour of a company

Directors & Officers, whether it is a Chief Executive or a General Manager are individually and collectively responsible for the operations and finances of a company.

Mistakes may occur:
Unwise Investments
Inadequate insurance arranged
Poor supervision
Imprudent borrowing
Incorrect advise in relation to purchase of competitor
Errors of judgement

As a PensionsTrustee you have substantial responsibilities and can be held legally accountable for the decisions you make and the services you provide, potentially leaving you with your personal assets at stake.

A trustee, at law, is the owner of the trust which they administer on behalf of the funds members. Trustees are individually and collectively responsible for the management and operation of the pension scheme.

Pension Trustee Liability affords protection to company pension scheme Trustees against claims for mismanagement of their obligations and/or performance of their duties.

Errors may occur such as:
Imprudent Investments
Incorrect interpretation of a Trust Deed
Poor management of the Fund

Pension Scheme Trustees can also face allegations of, improper advice, incorrect investment of the scheme assets and violation of the schemes documents.

If a pension scheme is under- funded could you be exposed legally from unsatisfied members?

An insurance policy can provide for defence costs along with compensation.

Sectors we cover are :

  • Accountancy
  • Legal
  • Architecture / Property
  • Engineering
  • Design
  • Technology
  • Consultancy
  • Media

About Us
InsurePlus is a regulated and independent insurance broker providing honest insurance advice and quality products for our clients in the business sector. We have earned a first class reputation for our professional approach and excellence.

Our Staff, who have over 40 years combined insurance experience, are focussed on delivering insurance cover, for people in business, which is competitively priced supported by an unbeatable and friendly service.