Professional Indemnity Insurance
Professional services firms require insurance that reflects the complexity of their advice, contractual obligations and regulatory standards.
In a service‑driven economy like the Cayman Islands, professional advice and services carry inherent risk. Professional Indemnity (PI) insurance helps protect firms and individuals if a client alleges financial loss as a result of an error or omission in your services.
Our services include:
- Coverage design and placement
- Risk profiling and contract considerations
- Claims support and insurer negotiation
Suitable for
- Law and accounting firms
- Corporate and fiduciary service providers
- Consultants, engineers, architects and other professionals
- Insurance and financial intermediaries
Coverage overview
A typical PI policy can provide:
- Defence costs and damages arising from covered claims
- Cover for negligence, errors or omissions in professional services
- Optional extensions for defamation, loss of documents and more, depending on the policy
Aon Cayman can help you assess your exposure, understand local and international requirements (including client and regulator expectations) and secure appropriately structured PI coverage.