Professional Indemnity insurance, also referred to as Errors and Omissions insurance, provides protection to the company for the legal liability created by the duty of care owed to the Company’s customers and third parties.

Cover is available for all professions, including architects, engineers, lawyers and related consultants, insurance agents and brokers, computing services and software providers, and all miscellaneous classes of professional associations.   In some circumstances, Errors and Omissions insurance is offered as a combined policy with Director's and Officer's Liability insurance.

An increasing and extensive range of potential claims may be brought against individuals, and Directors and Officers Liability Insurance can provide protection. The cover may also include Company Reimbursement Liability that provides the employing company with rights to recover the legal and related costs and expenses incurred to reimburse the directors and officers when defending an action against them.

This cover is becoming ever more necessary for firms to attract and retain quality staff as, without it, the directors and officers (and, in some instances, their spouses) are personally liable for any financial award made against them.

A Directors’ and Officers’ Liability policy can be extended to include Employment Practices Liability cover and Entity Cover.

Medical Malpractice insurance provides indemnity against claims arising from any negligent act, error or omission committed by the Insured or by any employee of the Insured, or by any person or organisation acting on behalf of the Insured, in the course of services rendered or contractual obligations undertaken by the Insured to a patient or patients. Cover may apply to individuals, members of relevant associations or entities such as hospitals, nursing homes and other institutions providing nursing care.

The Financial sector faces unique challenges as it embraces global opportunities and with it unique exposures. Financial Institution Liability Insurance provides clients with an effective way to help mitigate risk against an extensive range of potential claims that may be brought against them as individuals as well as the financial institution itself, e.g., fraud. We are able to provide specialist advice relating to financial institutions that can be tailored to suit your needs, including but not limited to Bond Insurance, Broad Form Extortion, and Computer Crime – Cyber Liability Insurance.

Professional Indemnity insurance and other types of Professional Liability insurance are available to provide the members of a wide variety of professional and regulatory associations with cost effective liability cover. The members of such associations do, of course, owe a duty of care to firms and individuals for whom they perform professional services. The Professional Indemnity cover offered to such members is, therefore, designed to protect the members against liabilities which might result from a breach of this duty of care.

Cover is also available for a variety of professional and regulatory associations themselves including, but not restricted to, trade unions, professional associations, and registered bodies.

In many construction contracts the prime contractor carries significant liability in relation to liquidated damages incurred as a result of failure to meet performance guarantees and/or completion dates.

Liquidated Damages insurance is designed to provide protection to the prime contractor against liquidated damages payments. Coverage may include errors and omissions on the part of the prime contractor (including its sub-contractors and/or suppliers), and other causes for which the prime contractor is not entitled to relief or excuse under the design/build contract.

Coverage is available to design/build engineering and construction companies involved in power generation, oil & gas, water treatment, highway construction and other major infrastructure projects.

In this highly specialised sector our experience and capability is exceptional, and our knowledge of the global market invaluable in obtaining suitable coverage on these complex risks.

We place major importance on the presentation and servicing of claims and have a dedicated team to respond when our clients need us most.

Professional Liability claims can be complex. It is important to present new circumstances to Underwriters in clear and detailed terms. Therefore we discuss any new claim circumstance with our clients as soon as it arises so that we are able to approach Underwriters in a thoroughly professional and knowledgeable manner. Throughout the life of a claim we are here to provide advice and assistance where necessary.

The CJ Coleman property team provides comprehensive solutions and innovative products for commercial, retail and wholesale business, working with clients in the US, Caribbean, and globally. The lines of business where we are active include (but are not limited to):

• Habitational / Homeowners
• Offices
• Hotels
• Restaurant Chains
• Schools
• Airports and Ports
• Manufacturing
• Pulp and Paper
• Catastrophe Exposure for Builders Risk