The professional services sector – which encompasses a wide range of firms that provide specialist advice and services to other companies – represents a significant proportion of the UK’s GDP and remains one of the steadiest growing sectors of all.
However, the disparate nature of the sector means that professional services firms have widely differing priorities and challenges, so they need tailored support from an insurer that understands their particular circumstances.
Why QBE?
QBE has been helping professional services firms to identify and transfer their risks for more than 40 years. Long experience of covering a wide range of companies – from those with a handful of employees to leading international organisations – enables us to understand your challenges and provide solutions that are tailored to your precise needs.
Perhaps the most crucial cover for professional services firms is Professional Indemnity (PI), which protects you against losses and defence costs if you provide inadequate advice, services or designs. We have particular expertise in this area; for example, we are the leading solicitors’ PI insurer in the UK, leading programmes for 13 of the top 20 law firms. We also provide specialist PI to professionals in areas including construction, technology, media, telecommunications, management consulting, accountancy and insurance broking.
At QBE, our approach is not simply about transferring risk; we also offer risk management support and tools to help you identify and reduce your exposures, as well as sharing data on trends and benchmarking against your competitors. If you should need to make a claim, our Claims team is committed to reaching a fair settlement as quickly as possible to minimise any interruption to your business.
Finally, we think that insurance should not be all about business. Under our unique QBE Premiums4Good initiative, you can make a difference by choosing for 25 per cent of your premium to be invested in projects that benefit communities or the environment.
Raising standards
How we helped a firm of solicitors to improve their risk controls and achieve stable premiums.
Download case studyRelevant products
We cover a wide range of professions for losses and defence costs if they provide inadequate advice, services or designs that cause a client to lose money.
Read more about Professional Indemnity
With regulators increasingly holding directors and officers personally responsible for problems that arise, Directors’ and Officers’ Liability cover is becoming more important for professional services firms – both to protect the personal assets of key employees and to attract senior staff.
Read more about Directors' and Officers' Liability
Considering how much sensitive data accountants, solicitors and other professionals now store digitally, protection from data breaches is becoming ever more important. QBE is one of the few insurers that can provide wide-ranging Cyber cover along with 24-hour forensic support.
Read more about Cyber
We offer wide-ranging cover for damage to your physical assets and any resulting business interruption. Our underwriters have the experience and flexibility to work with you to create the precise cover you need.
Read more about Property
Our General Liability cover offers firms effective protection against claims for damage or injury brought by third parties.
Read more about General Liability
We offer Employers’ Liability cover to professional services firms that enables them to fulfil their duties under the Employers’ Liability (Compulsory Insurance) Act 1969.
Read more about Employers' Liability
QBE has been providing cover for motor fleets since 1927 and, for larger risks, we have particular expertise in dealing with non-conventional arrangements. We have also earned a reputation for dealing with claims quickly and fairly, helping to reduce any vehicle downtime.
Read more about Motor Fleet
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