Zurich launches Professional Indemnity suite

Zurich is today launching eight new Professional Indemnity products to a wider range of professionals across the SME, corporate, construction and property sectors.

The new Zurich Professional and Financial Lines Team, led by Stuart Quinlan, has been developing the capability and expertise to bring this to the market place.

The new function brings together Zurich Professional, the market leading provider of solicitors professional indemnity insurance for a number of years, and the new expert Financial Lines team to drive forward the capability to the market place.

As part of this launch, Zurich is launching eight new products to a wider range of professionals across SME, corporate and property clients.

The new Zurich product will be available to a whole range of industries, sectors and professions:

Accountants
Architects/Engineers
Design & Construct
Insurance Brokers
IT Consultants
Marketing/Advertising/PR
Miscellaneous
Surveyors

The product itself features:

Civil liability cover including libel and slander, breach of confidentiality and infringement of intellectual property rights
Cover for replacing or restoring lost documents and for compensation for court attendance
Cost of representation at any official investigation into the business
Mitigation of loss cover where you have to waive the fee from your client to avoid incurring a claim.
Innocent non-disclosure cover

Stuart Quinlan said, “In an increasingly litigious society, individuals and businesses are looking for accountability for the consequences they experience as a result of services delivered to them. There is a need for professionals, who either give advice or provide a service, to ensure they have adequate insurance to protect against a claim and that is what the new Zurich product offers them.

“We have the right people and the right products in place to achieve our ambition of becoming a top three player in this very competitive market. As part of the broader Zurich UK General Insurance division, we will be able to leverage our wider capability and strength, to bring this important activity to the market. We will be initially offering the proposition to a range of brokers and as we continue to build our capacity and expertise we will widen that broker potential.”