Professional Risks
Protect the advice, decisions and responsibilities your clients rely on.
Professional risks cover the exposures that come with giving advice and carrying professional or management responsibility. Because much of this cover is written on a claims-made basis, timing—retroactive dates, notifications and renewals—can matter as much as the limit.
Common considerations
Relevant cover categories in plain English. Which of these apply—and how—depends on the specific business or property.
- Professional indemnity
- Management liability
- Cyber
- Retroactive dates
- Claims-made obligations
- Defence costs treatment
Suitability and limitations
The covers above are a starting point for a conversation, not a recommendation. What is suitable depends on individual circumstances, and cover is subject to insurer acceptance, policy terms, conditions, limits and exclusions. Relevant policy wording should be reviewed before any cover is arranged.
Related industries
Frequently asked questions
What is a retroactive date?
A retroactive date is the point from which prior acts may be covered under a claims-made policy—work before that date is typically excluded.
Are defence costs inside the limit?
This depends on the policy wording. Whether defence costs erode the sum insured is an important detail to confirm.
What must be notified before renewal?
Circumstances that could give rise to a claim generally need to be notified before renewal—timing matters under claims-made cover.
Information on this website is general in nature and does not take into account your objectives, financial situation or needs. Cover is subject to insurer acceptance, policy terms, conditions, limits and exclusions. You should review the relevant policy documents and seek advice appropriate to your circumstances before making a decision.