Our customer found himself challenged on the quality of his client work, they filed an indemnity claim for negligence. We were able to help reduce compensation costs and settle the claim.
Anyone with a business that provides professional services or advice to clients will know that things don’t always go without a hitch. Even if you feel as though you are doing everything within your power to provide the best possible service to them, there are occasions when your work will be challenged.
If a client disagreement gets to the point where it can’t be resolved privately, your professional indemnity insurance will come in handy. This type of cover is designed to help your business if a client alleges that the work you provided was sub-standard, your advice led them to a financial loss or their private data was compromised. It can assist in covering the cost of compensation payments and any legal defence costs accrued in settling professional indemnity claims.
While nobody sets out to provide unsatisfactory work or to compromise the security of client information, mistakes can happen. Below, you can read some case studies of insurance claims by Hiscox customers covering professional indemnity claims examples, and learn how we could help your business.
Examples of Professional Indemnity Insurance Claims - Hiscox Case Studies
Liam, owner of an energy consultancy, recently found his business facing a claim for allegedly providing unsound advice. Fortunately, Hiscox helped Liam disprove the claim.
A long-stand customer of ours designs and manufactures bespoke chairs, but found herself in the hot seat after customers complained that the work was not up to standard.
After deciding to remove a player from a semi-professional football team, the club found themselves facing trial. Hiscox defended the ex-player and helped settle the dispute.
A safety deposit company made a claim with Hiscox regarding a pending product patent dispute, we worked with specialist patent lawyers to defend our clients involvement.
Which Hiscox cover do you have?
Please choose what your claim relates to: