Professional Services Insurance

At Insurance Broking Services, we understand the unique challenges faced by businesses providing professional advice, consulting, and specialist services. Professional services firms share a common and fundamental exposure: your clients pay for your expertise, and when the advice or services you deliver lead to a financial loss — whether through error, omission, misrepresentation, or a failure to meet the standard of care expected — the claim comes directly to you. Professional indemnity insurance is the cornerstone cover for any advice-giving business, and it is written on a claims-made basis, meaning the policy active when the claim is made responds, not the one active when the work was done. This makes the retroactive date and continuity of cover critical — a gap in coverage, or an inadequate retroactive date, can leave years of prior work completely unprotected. Beyond PI, professional services firms face the same business risks as any employer — public liability for third-party injury at your premises, management liability for employment disputes and regulatory actions, cyber exposure from the sensitive client data you hold, and business interruption if your operations are disrupted. Contract conditions in professional services engagements frequently attempt to impose unlimited liability, broad indemnity obligations, and mutual insurance requirements that can significantly affect both your exposure and your ability to claim — making contract review an important part of risk management alongside the policy itself. We leverage our industry knowledge and insurer connections to build tailored professional services insurance solutions for your situation, ensuring your advice, your practice, and your business are properly protected.