Professional Indemnity Insurance
for IT Contractors
Professional Indemnity Insurance - PI Insurance - provides financial protection
for limited companies and sole traders and is usually a prerequisite in agency and
end user contracts. PI Insurance is designed to insure your company against costs
incurred defending actions as well as covering potential damages. Whilst claims
(for negligence, errors and omissions) are rare, they do occur for a variety of
reasons from client dissatisfaction to actual financial loss by a client. This process
can be expensive and time consuming and PI Insurance gives you piece of mind that
your business is covered.
iProfile, in association with Trafalgar Risk Management, is pleased to offer
iProfile holders a Unique Price Promise on Professional Indemnity Insurance.
If you can find the same cover for less within 14 days, Trafalgar Risk Management
will match the premium and give you a cheque for £25* (see below for terms and conditions).
Click here for a quote for Professional Indemnity
Insurance; Public Liability also available.
Initial Disclosure Document
1. The Financial Services Authority
(FSA) The FSA is the independent watchdog that regulates financial services. It requires us to give you this document. Use this information to decide if our services are right for you.2. Whose products do we offer?
We only offer products from a single insurer for professional indemnity. The insurer we use is WR Berkley and the placement is arranged by Trafalgar Risk Management Limited. The scheme was arranged in conjunction with Parliament Hill Ltd. Parliament Hill Ltd and Trafalgar Risk Management Ltd are not members of the same group.3. Which service will we provide you with?
You will not receive advice or a recommendation from us. Trafalgar Risk Management may ask some questions to narrow down the selection of products that we will provide details on. You will then need to make your own choice about how to proceed.4. Price Promise Terms and Conditions*
Terms and conditions apply: a written quotation must be supplied by way of proof. This quotation must be on a like-for-like basis relating only to professional indemnity insurance. The alternative option must have been a valid quote open to businesses generally and not a limited offer, special offer, special discount, calculated using a no claims discount/bonus or special group deal. It should be presented either before purchase or within 14 days of purchase. Offer valid until September 31st 2008. If you find what appears to be a better deal, email iprofile@parliament-hill.co.uk or call 020 7702 6580. All price promise claims to be notified within the 14 day period.5. What will you have to pay us for our services?
iProfile does not charge a fee for this arrangement. You will receive a quotation which will tell you about any other fees relating to any particular insurance policy.6. Who regulates us?
iProfile is a trading name of Skills Market Limited which is an appointed representative of Parliament Hill Limited, 24 Alie Street, London E1 8DE who are authorised and regulated by the Financial Services Authority. Their FSA Register number is 308448. Our permitted business is insurance mediation. You can check this on the FSA's Register by visiting the FSA's website www.fsa.gov.uk/register or by contacting the FSA on 0845 606 1234.7. What to do if you have a complaint?
If you wish to register a complaint, please contact Parliament Hill Ltd: In writing: Write to the Director at Parliament Hill Limited, 24 Alie Street. London E1 8DE By Phone: Call us on 020 7702 6580 If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service.8. Are we covered by the Financial Services Compensation Scheme (FSCS)?
We are covered by the FSCS. You may be entitled to compensation from the scheme if we cannot meet our obligations. This depends on the type of business and the circumstances of the claim. Insurance advising and arranging is covered for 100% of the first £2,000 and 90% of the remainder of the claim, without any upper limit. For compulsory classes of insurance, insurance advising and arranging is covered for 100% of the claim, without any upper limit. Further information about compensation scheme arrangements is available from the FSCS.
