As people are now more willing to turn to the law when dissatisfied with service, our work environment has become increasingly litigious. At Collegiate we are very aware of the impact a claim can have on the financial standing and reputation of your firm. Our professional indemnity insurance indemnifies you from the legal liability and legal defence costs you may incur as a result of breaching a duty of care to your clients.

If you are an IT consultant seeking cost effective professional indemnity insurance from someone who understands your business, we can help you.

All our quotations are individually underwritten so you can be sure that the premium reflects your firm’s unique circumstance.

Our policy is specifically tailored to this particular business sector and covers IT Consultants involved in a wide variety of disciplines and services including provision/installation of hardware/software, consultancy, training and web design.

We understand the unique relationship you as a professional have with your client. In addition to providing a very wide base of cover our policy includes ‘mitigation of loss’ designed to protect your commercial relationships.

Within our mitigation of loss cover, to avoid a larger valid claim being where a project has gone wrong:

• We will pay the fees due to you where your client refuses to pay.
• We will pay the subcontractors you are committed to paying.

For further information on the cover we provide please click on ‘IT Consultants Fact Sheet’ opposite:

All Professional Indemnity Insurance is on a claims made basis, that means you must have an active PI policy at the time a claim or allegation is made against you. It is important to remember that once a PI policy expires you can no longer make any claims against it. Therefore you need to consider maintaining your PI insurance once you cease trading. This is called Run-Off Insurance and provides protection against any claims which may arise from work you undertook in the past. Some professional Institutions require their members to carry Run-Off insurance.

Run-Off is an annually renewable policy, the premiums will usually reduce each year to reflect the reducing exposure to insurers.