Professional Liability Insurance

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Rinkos Insurance Solutions is a market leader in insurance broking. We help clients better quantify and manage risk to survive and thrive.
Being a Network Partner of one of the largest insurance broking companies, we have the capacity to handle a broad range of risks on either a direct or a wholesale basis.
Drawing on solid relationships with London and global markets we’ll do our utmost to find the right solution for you.

What is Professional Liability Insurance?

Professional liability insurance is the type of coverage designed to protect your business against negligence claims when your services have caused financial harm to your client. An error or omission in the service can hurt a client, which might be dependent on the delivery of your service. Even the most successful companies are prone to professional mistakes, which might result in a lawsuit.

For example, if your company specializes in giving professional advice to its clients, a poorly worded email or a confusing comment can escalate to a financial loss and a lawsuit. These mistakes, although not intentional, can have consequences on both the third-party and the success of your business. To make sure no side gets hurt, professional liability insurance helps you minimize the financial damage caused by poorly delivered professional service and covers the necessary legal defense against the reported claim.

Who needs professional liability insurance?

Any company which is expected to meet a certain standard when delivering their services can end up with a negligence claim on their hands. Some clients even require you to have professional liability insurance before buying your goods and services. Here are a few examples of businesses that often choose professional liability insurance:


Any technology provider, including but not limited to software development, software installation and maintenance, hardware design, hardware installation and maintenance, data processing, internet services, data and application hosting, computer systems analysis, consulting, training, programming, systems integration, IT support and network management, IT security consultancy and services, control systems integrators and Internet of Things.


Professional liability insurance provides the necessary coverage for companies in the financial technology industry: Payment infrastructure, stock and currency trading apps, crowdfunding platforms, mobile payments, blockchain technology, money transfer, alternative lending, and insurance.

Professional service providers

Accountants, engineers, lawyers, doctors, advertising professionals, consultants and other providers that offer knowledge-based services in many industries require professional liability insurance to protect their livelihood from unexpected claims.

Management consultants

Businesses that specialize in developing important strategies and finding complex solutions to fix or improve the operational and financial state of a third-party get important coverage for unforeseen mistakes from professional liability insurance.
The pattern is clear—if the service of a company can lead to unusual situations and misunderstandings, the danger of a potential lawsuit is far greater. These businesses will see the most benefits of professional liability insurance, which might prove. It is necessary for their stability and proper functionality.

What Professional Liability Insurance Includes

  • Inaccurate, harmful advice
  • Alleged or actual negligence
  • Professional work errors
  • Uncompleted or not delivered work
  • Misrepresentation of a client

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