• Professional Indemnity Insurance
• Directors and Officers Liability Insurance
• Trustees Liability Insurance
• Employment Practices Liability Insurance

For quotes and cover please select your profession or occupation from the drop down menu to the right.

New professions emerge and traditional professions develop continually.

Without doubt the service sector is generating a growing share of output in both developed and developing economies.  Economic activity increasingly involves processing and analysing information, making judgements and providing services.  More of what is produced and consumed is intangible; information, analysis, service or advice.

If you identify with this text, then you are a professional.  No two ways about it.

YOUR DUTY TO CLIENTS – THE CONSEQUENCE OF A BREACH

Legal defensibility is a key component of many things we do these days.  It is not, on examination, just a case of a compensation culture gone mad.  Increased awareness, confidence and knowledge play their part.  And frankly if you are a professional and cause a third party to suffer loss by way of a negligent act, error, omission, mis-statement or other act leading to a claim for civil compensation, you are likely to be held accountable for the wrongdoing.  Your clients will be well versed or will seek help towards dispute resolution, and may be insured in this respect.

Even if an allegation against you is completely spurious, the cost of the defence of a claim against you can reach devastating amounts.

Even if you feel you avoid problems by appropriate contractual terms either industry recommended or on the advice of legal counsel, if the claim is made then the claim must be defended.  The existence of contractual limitations of liability does not always stop the claim from being made.

RISK & INSURANCE
The word ‘risk’ is synonymous with ‘insurance’ Synonymous with, BUT certainly not dependant upon.
Business life today is all about taking risks. Assessment of risk is something that is increasingly integrated into decisions made. We suggest you view risk with an open mind. Consider risk-taking as the uncertainty of an eventuality rather than the uncertainty of a loss because taking risks is not always going to bring a negative outcome. You need to take risks; you are going to take risks and logically the effective management of the risks you take is something that can only result in a pleasant surprise to the bottom line!
After you have avoided, abated, allocated and retained……..
PROFESSIONAL INDEMNITY INSURANCE is a very effective method of transfer for professionals.
WHO NEEDS PROFESSIONAL INDEMNITY INSURANCE?
Some professional bodies insist upon compulsory professional indemnity insurance, for good reason. If this applies to you; you must purchase. The decision therefore is who to choose as your broker partner.
If this does not apply to you, however you identify with ‘THE PROFESSIONS’ above and can foresee a situation whereby you could be sued in a capacity as a professional, this insurance is every bit as relevant for you.
The Blackfriars Service
Blackfriars offers common-sense advice on risk and professional liability insurance solutions – Whatever your needs – PRS will be there for you.
If you require assistance; if you are having difficulties; if you simply wish to know more or are keen to develop a relationship with us now, we promise we will do whatever we can to help you. Please contact us.