Professional Indemnity (PI)
Providers of professional services can find themselves in disputes with their clients and others claiming damages allegedly caused by their services’ failure to meet their expectations or the legal standard of care.
Even when these claims have little or no merit, professional firms must pay for a defense against such allegations, and may even find that a settlement is preferable to the uncertainty and expense of protracted litigation.
Professional Indemnity insurance protects your business against claims for loss or damage made by a client or third party. Claims will arise when it is alleged that you have been negligent in the course of providing a service. In addition to covering the cost of the claim, providing it settles at an amount above your self-insured excess, Professional Indemnity Insurance will also cover the legal and defense costs associated with defending a claim.
Lockton Wattana is one of the leading advisors on professional indemnity insurance. We have unparalleled knowledge of the coverage available under professional indemnity insurance policies, and strong relationships with a wide array of top professional indemnity providers. But our expertise does not stop with insurance. We make it our business to understand the specific risks and challenges inherent in your professional practice.
Armed with this knowledge, you can count on us to provide specialized risk management advice, assistance, and insurance to you as our professional services client.
Mingkwan Sirichaiyakul
Senior Department Manager – Lockton Financial Services
+66(0) 2635 5000 Ext.6902
Mingkwan@asia.lockton.com
Viyada Engchuan
Senior Division Manager – Lockton Financial Services +66(0) 2635 5000 Ext.6901 Viyada@asia.lockton.com
