PROFESSIONAL INDEMNITY INSURANCE WITH ALFRED
To Err is Human,” and if you are in the business of advising clients, you might have to give more than an apology if an unintentional mistake leads to financial losses for the client and they decide to take legal action for damages. Professional Indemnity Insurance protects you from such situations and ensures that the price you pay for any mistakes don’t cost you your business too!
WE WORK WITH THE LEADING PROFESSIONAL INDEMNITY INSURERS IN THE UAE
At InsuranceMarket.ae we’re proud to have enjoyed over 25 years’ experience of helping customers with their insurance needs. We’ve built great partnerships with the leading and most respected professional indemnity insurers in the Dubai/UAE market: big names such as AXA, AIG, Orient, Oman and many more. Our relationships and reputation mean we can secure deals, discounts and covers that are the best in the market and pass all these benefits on to you!
WHAT IS PROFESSIONAL INDEMNITY
Professional Indemnity Insurance is an insurance cover that protects companies against financial claims from their clients and other third party claims arising from any of the following reasons:
Unintentional breach of professional duty
Professional negligence
Errors and omissions
Poor advice
Libel and slander
Infringement of intellectual property rights
Loss of document
Unintentional breach of contract
Limit starting from AED 500,000 on any one occurrence
Professional Indemnity Insurance would pay out the financial damages awarded by a court of law and will also pay for related legal defense costs up to the limit specified in the policy. Cover is offered on an annual renewable basis but can also be offered for a specific project
WHO CAN BUY PROFESSIONAL INDEMNITY?
Professional Indemnity Insurance is aimed at protecting businesses that provide advice or a professional service to their clients for a fee. Invaluably, PI policies include cover for Errors & Omissions (E&O) which is an insurance cover in its own right, and frequently the cause of claims made against those working in advisory or specialist services roles with claimants alleging mis or lack of information or substandard service delivery. Professions who would benefit from Professional Indemnity insurance include:
Medical professionals and institutions (medical malpractice insurance)
Architects, consulting engineers & project managers
Lawyers
Accountants or auditors
Insurance brokers
Financial institutions or investment advisory services
Surveyors
IT consultants
Media and marketing agencies
Miscellaneous consultants (Management, HR, Business, PRO Services, Sports)
Facilities management services
Real estate consultants
WHY CUSTOMERS LOVE INSURANCEMARKET.AE
ALAN CLARKE
For the past 3 years AFIA has assisted in providing my company with annual Professional Indemnity Insurance. Each time the same agent, Agatha Alicdan, has dealt with my requirements in a professional manner and provided me with a competitive quotation. This year AFIA has also provided me with worldwide travel insurance. It is my intention to continue to use the services of AFIA in future for my insurance requirements and would recommend them to others.
Anna Hughes
For 12 years I'm insuring my car with Afia- never had even smallest issue with claims. Service is excellent - very pleased with Mr.Ian who cares about my account. I wish we have more companies in the UAE with such a service! Thank you Afia team!
Carmencita Guanco
Our company has been dealing with AFIA in the past 3 years. They are always helpful and very attentive to details. Jecryl who has been helping me with our company requirement is very knowledgable with their products and have given me various options to meet our company requirements. I will definitely recommend them to family and friends. Just now, one of our drivers had an accident. Ms. Teresa from claims department help me immediately. She was able to give me a reference claim number within 10 minutes from the time I contacted her.
DARIUS LABELLE
Excellent, Speedy, and Professional Service. Agatha Alicdan has been extremely helpful in everything relating to medical and business insurance for our group - providing options, recommendations, and very quick response.
JOY JOSEPH
I rate my experience with Mr. Vicky (Vignesh) of AFIA Insurance Brokers as 5 star related to the professional indemnity insurance coverage for our firm. My repeated requests for amendments in the policy for whatsoever reasons were done very fast and to my satisfaction. Thank you Mr. Vignesh
FIND THE BEST DEALS ON YOUR PROFESSIONAL INDEMNITY INSURANCE WITH ALFRED
Finding the right Professional Indemnity Insurance policy for you at the right price has never been easier. This is made possible through our friendly, knowledgeable team of advisors who act as insurance advisors: taking you through the covers available and explaining the cost involved, so you can select a policy that both gives you peace of mind and suits your circumstances.
The moment you begin your journey with us you’ll start reaping the benefits. At InsuranceMarket.ae, we have great relationships with all the leading Professional Indemnity Insurance companies in the UAE and our reputation and experience mean we get great products at great prices. Not only that, our partnerships with a range of fantastic local businesses mean that when you buy your policy with Alfred, you’ll get great money-saving discount vouchers sent to you too. From auto accessories to accident repairs, car valeting to personal grooming and auto-tuning to vocal tuning with music lessons and much more. You’ll enjoy benefits that can’t be bettered!
WHAT ADDITIONAL COVER OPTIONS AND UPGRADES ARE AVAILABLE?
While typical Professional Indemnity Insurance policies cover you against most common risks, insurers do offer additional layers of protection to address your unique needs. These include cover extensions/policy “add-ons” such as:
Unintentional infringement of intellectual property.
Bodily injury (from breach of professional duty).
Cover for liability caused by wrongful acts of subcontractors, consultants or agents.
WHY CHOOSE PROFESSIONAL INDEMNITY INSURANCE WITH INSURANCEMARKET.AE
At InsuranceMarket.ae, we provide an unmatched customer experience and really understand the needs of the modern business customer. Here are just 5 reasons why you should choose us for your Business Insurance needs:
23,000 Google reviews and 4.8 rating: customer satisfaction is our number one priority and we’ve got the feedback to prove we deliver!
Dedicated insurance advisor to help answer your questions and help you with your purchase.
Responsive, reliable and dedicated claims manager to offer advice, reassurance and assistance when you need it most.
Competitive prices and comprehensive products providing the cover you need at a price you can afford from the insurers you can trust.
Great value-added services such as discount vouchers that are sent with your policy: you just keep on saving with Alfred!
25+ years of UAE insurance experience
Dedicated insurance advisor to answer all your questions
Simple and fast claims process
Highest rated insurance provider in the UAE
HOW CAN I GET LOW COST PROFESSIONAL INDEMNITY INSURANCE?
There’s no magic formula for getting value for money Professional Indemnity Insurance but there are some steps you can follow and things you can do to get the best deal for your dirhams! We asked Alfred and here’s what he suggests:
Never buy insurance at the last minute. Give yourself plenty of time to consider the coverage you need against what’s available in the market. If time is running out then the budget can too if you blow it by taking the first deal that’s on offer……even worse, you might just end up paying a lot more money for a whole lot less cover!
Don’t be tempted to “go it alone” in your search for the best policy at the best price. Let the experts help! At InsuranceMarket.ae our Insurance Advisors are just waiting to do the hard work for you. It’s a simple but winning formula. No extra cost + no waste of your time = no brainer!
Don’t get too hung up on price alone. Being mindful of money is no bad thing but being bound by a budget can prove “false economy” if you don’t have the correct cover and lose out when it comes to a claim. At InsuranceMarket.ae we search the market and work with you to find the best cover for your budget.
HOW TO COMPARE PROFESSIONAL INDEMNITY INSURANCE QUOTES?
Let Alfred help you compare Professional Indemnity Insurance with lightning fast service
Professional Indemnity Insurance doesn’t need to be complicated but sticking to one option just isn’t enough, and whilst two can be twice as nice, we believe in the power of three: that’s why we send you at least that many quotes to compare. Once you’ve got your selection, here are our top 3 tips for what to do next.
Check the cover provided under each quote and compare against each other. You can’t judge a square versus a circle so make sure your assessment is a fair one.
If you have purchased Professional Indemnity Insurance before, check the cover provided against your previous policy. Are you getting like-for-like, less or more? Also consider the “added value” items like optional extras, additional services as standard, discount vouchers etc.
Check the price last so you can see the benefits of the cover rather than being influenced by the premium first. You can then assess the value for money. And don’t forget those “extras” too: you may or may not be able to put a price on them, but they do count!
WHAT DO I NEED TO GET A PROFESSIONAL INDEMNITY INSURANCE QUOTE?
Whilst we like to keep things simple, we will need a few things from you to get a quote. Three things influence your quote:
Getting a Professional Indemnity Insurance quote with us is simple and stress-free. If you can provide us with a few pieces of key information, we’ll take care of everything and come up with a range of quotes for you to consider.
Of course, we will need the basics such as your contact details (name, phone number, address and email) but most importantly, we will need some information regarding your company, business description, nature of your activities, size of the company, your industry experience and any other relevant information that helps us understand your needs and underwriters understand your business so they can quote the best cover for you.
WHAT DOES PROFESSIONAL INDEMNITY INSURANCE COVER?
Cover will of course vary depending on the type of policy you select, but if we consider a typical Professional Indemnity Insurance, your policy will typically cover:
Professional negligence: this includes any misinformation you may have provided to your client, errors of judgment, and omissions.
Defamation (slander &/or libel): any damage to the reputation of another through spoken or written words.
Breach of confidence: violating the privacy terms or leaking any confidential information.
Breach of copyright: accidental use of another party’s intellectual property.
Lost or damaged documents: lost or stolen documents could reveal trade secrets.
Loss of data being held: leaked or stolen data may expose customers’ private information and records.
Loss of money or goods: the loss of a client's good while safekeeping them or applying a service.
WHAT IS NOT COVERED UNDER YOUR PROFESSIONAL INDEMNITY INSURANCE?
Whilst a typical professional indemnity should be more than suitable for most people’s needs and provides an extensive range of invaluable covers and benefits, like most insurance products, it won’t cover everything and all eventualities. Typical examples include:
Fines and penalties you are instructed to pay.
Dishonest and malicious acts: any dishonest and fraudulent activity committed by a person, especially, after finding a reasonable cause for suspicion of said person.