Professions Insurance

New specialisations and areas of expertise
All professionals face potential claims against them from a number of
directions, professions insurance is on guard and ready for the unexpected.

Competitive pricing, broad coverage and capacity
Today, the operational risks faced by the professional services community continue to grow. Companies and their employees face greater exposure arising from the provision of their services – and the potential perception that their guidance is unsatisfactory or even negligent.

Some of the Professions we serve:

Solicitors

Accountants

Architects

Engineers

Surveyors

Surgeons & Doctors

Consultants

Partner with Insurers

Elmore Professions Insurance

Professions insurance offers comprehensive cover that can be tailored to the needs of a business. Providing technical or highly specialised services on a daily basis, unintentional incidents can occur. An error in a piece of work, an accident on premises or the theft of expensive equipment could have a serious financial impact to a business. Specialist insurance for business Professions can cover a business against such risks.

The Elmore Professions insurance solution:

Identification of risk
Support in mitigating risk
Arranging risk transfer with Professions Insurance
Claims Support and Response

Elmore Profesions Insurance
– Policy Coverage

The following cover can be combined in one policy or offered in separate policies:

Management
Liability

  • Claims by regulators
  • Claims by shareholders
  • Claims by employees
  • Claims by other stakeholders

Professional & Technology Liability

  • Claims by customers
  • Claims for failure of service
  • Claims for failure of advice
  • Mitigation costs to put right

Cyber & Crime
Insurance

  • Event management
  • Reputation management
  • Financial loss incl. fines
  • Cyber liability

Office & Employee Insurance

  • Property and equipment
  • Employers liability
  • Public liability
  • Travel insurance

Multi-National Professions Programme Management

Elmore’s network of established insurance partners around the world allows for a Global Insurance Programme. With the requirement to have local policies while being coordinated by one centralised function it can allow better compliance and visibility into the global requirements.

MULTI-NATIONAL INSURANCE PROGRAMMES

Partner With
Insurers

With a captive audience and engaged users why not consider cross selling
insurance solutions along side the Bankers offering adding value to
customers, differentiating your offering and brining a new income stream for the business.

  • Add value
  • Differentiate offering
  • Additional revenue source

Elmore delivers bespoke and innovative programmes for both consumer and business users, get in touch to learn more.

PARTNER WITH INSURERS

Professions Operational
Risk Management

For a business to partner successfully with it’s key clients, it must manage the breadth and depth of not only its clients but also its own risk management.

In particular, the business must understand the operational risk considerations that a stakeholder will need to go through before engaging them. This affects the presentation of value proposition, expectations of time to revenue, product design, and cultural engagement.

The below diagram represents the benefits of mitigating and reducing risk to optimise risk transfer through insurance: