Financial loss liability insurance
Protects advisory and professional service businesses against agreed liability claims for pure financial loss.
Talk to usFinancial loss liability insurance: Cover and protection clearly explained
Protects advisory and professional service businesses against agreed liability claims for pure financial loss.
Who needs Financial loss liability insurance?
For advisory, auditing, planning or administrative professions where mistakes can cause pure financial loss.
What does Financial loss liability insurance cover?
- Review and defence of unfounded liability claims
- Settlement of justified claims within the agreed cover
- Alignment with activities, professional rules and contract values
Important limits and exclusions of Financial loss liability insurance
Not every activity or contractual penalty is covered; retroactive cover, run-off and first-party loss require specific review.
The exact scope, limits, deductibles, duties and exclusions are determined by the selected policy conditions.
Practical example: How Financial loss liability insurance applies
If a missed deadline causes a client pure financial loss, professional liability is assessed.
Consultation on Financial loss liability insurance: What to prepare
The following information helps us assess suitable next steps:
- Full activity description
- Revenue, contract values and client groups
- Contracts, previous claims and existing cover