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Professional Services

Professional services insurance is a type of insurance that protects professionals from lawsuits arising from their work. It is essential for any professional who provides services to clients, as it can help to cover the costs of defending against a lawsuit and any damages that may be awarded.

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Insurance Solutions

A Necessity for Protecting Your Business

Here are just a few of the reasons why you need to purchase professional services insurance:

Lawsuits are common

Even the most competent and careful professionals can be sued. In fact, lawsuits against professionals are on the rise.

Lawsuits can be expensive

The cost of defending a lawsuit can be significant, even if you are ultimately successful. Professional services insurance can help to cover these costs, as well as any damages that may be awarded to the plaintiff.

Lawsuits can damage your reputation

Even if you are not found liable in a lawsuit, the process of being sued can be damaging to your reputation. Professional services insurance can help to protect your reputation by providing you with the resources you need to defend yourself against a lawsuit.

Here are a few examples of professional services insurance claims:

  • A Solicitor gave inaccurate advice to a client about a legal matter. The client followed the lawyer's advice and suffered financial losses. The client sued the Solicitor for negligence.
  • A software developer failed to meet the terms of a contract with a client to develop a new software program. The client sued the software developer for breach of contract.
  • A marketing consultant made false statements to a client about the results that they could achieve. The client hired the marketing consultant but did not achieve the desired results. The client sued the marketing consultant for misrepresentation.
  • A financial advisor was accused of discriminating against a client on the basis of their race. The client filed a lawsuit against the financial advisor.

These are just a few examples of the many ways that professional services insurance can help to protect businesses and their clients. If you are involved in the professional services industry, it is important to talk to JV Hutton to make sure that you have the right cover in place.

GET EXPERT ADVICE

The professional services industry presents complex exposures and liabilities, which demand a high level of specialist knowledge and expertise. JV Hutton have been present in the professional services insurance market since its foundation in 1995.
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