This website uses cookies that is used for internal analysis and optimization of the user experience. Your innformation is never shared with third parties.
As a professional service provider, you can be held liable for professional misconduct. For example, you may give a client the wrong advice, or fail to provide the right information. Damage caused as a result is often a financial loss from a third party for whom you carry out an assigment.
Entrepreneurs and companies whose advice may lead to damages. For example, lawyers, accountants, notaries and engineers. But also consultants in tax, law, administration, communication, marketing, organisation, HRM, coaching, mediation, etc
Premiums starting from €750, not including 21% Insurance Tax. We can send a quote within 1 day, comparing 6 insurers. These specialist insurers have intricate knowledge of your industry.
Professional liability insurance is not legally required for ICT companies. However, there are many situations where it is useful or necessary to take out such insurance. After all, everyone can make mistakes and the damage can be (very) large. A customer, client, or industry organization may also require or demand is from you.
With the Corporate Liability Insurance, only damage to persons or property is insured, but not pure capital loss. Capital loss is financial damage caused by professional errors such as incorrect advice. With a Professional Liability Insurance, you are insured for this risk.
You are not obligated to adhere to specific contract terms. Deviating from these or accepting clients' delivery terms is not a problem. You do not have to submit this to us for approval. However, we do advise you to declare the general terms and conditions wherever possible, as it limits your liability towards third parties.
The insured capacity indicates what kind of activities you perform. The insurer estimates the risk based on this capacity and could exclude activities in the event of a claim if they were not aware of this. It is very important that the insured capacity is defined in such a way that it covers all activities. Make the description as broad as possible and check this capacity yearly.
No. Claims filed in the United States and/or Canada (or based on the law of these countries) are excluded. Insurers do not provide this coverage as standard because the damage amounts and legal assistance there are much higher than here. In some cases, we have coverage for this exclusion and can provide coverage for this jurisdiction as well.
This is damage whose cause predates the start of the insurance, but is discovered during the policy period. This so-called inherent risk is not covered by default, but can sometimes be purchased for an additional period. This allows you to insure yourself against damages that are not yet known, but could potentially arise.
The opposite of Prior Acts Coverage: damage that manifests after the insured period has expired, but whose cause falls within that period. Again, you can insure against this ERP cover for a number of years. This is often offered by insurers after termination.
As soon as you are found liable, you should report it to us. We advise you not to admit liability immediately, but to submit it to the insurer first.
Absolutely. We are specialists in complex risks, but are happy to help you protect agains some of the more mundane business risks. Think of corporate insurance for buildings, inventory, transport, business damage, accidents, business travel and employee insurance.
We don't advice on pension and other life insurances.
Blue Risk Specialty Insurances helps businesses, entrepreneurs, and directors manage their risks so they can operate more freely and effectively.
+31 (0)10 311 00 19
