The circumstances in which the policies react differ depending on the policy taken out, however the cover provided broadly falls into two main areas:
- Representation/Defence costs
- Legal liability
The Professional Indemnity Insurance policy from Qdos will cover any legal representation and defence costs, as well as the liability found to be owing following a professional negligence dispute. Such a dispute would occur if a client felt as though there were errors or omissions in the services provided which have caused them a financial loss.
In addition, the policy would also react in the following disputes:
- Libel, slander or defamation
- Unintentional breach of confidentiality or privacy
- Unintentional infringement of intellectual property rights
Qdos offer Professional Indemnity Insurance with limits of indemnity of £1m, £2m or £5m.
Qdos’ Public Liability insurance covers the policyholder where a third party alleges that the policyholder has, in the provision of their services, caused third party bodily injury or property damage. As with Professional Indemnity insurance, the policy will cover any legal representation and defence costs, as well as the liability found to be owing following the conclusion of the legal proceedings.
Qdos offer Public Liability Insurance with limits of indemnity of £1m, £2m, £5m or £10m.