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Professional indemnity

Professional indemnity (PI) protects professionals and organizations against claims of negligence, errors, or omissions in the delivery of their services. Stakeholders in construction projects, including contractors, consultants, owners, and financiers, seek the protection of PI coverage that can pay legal defense costs and damages arising from claims.

Why choose Marsh for your professional indemnity insurance?

At Marsh, our dedicated construction PI team specializes in placing both annual and single project PI policies for a range of companies, from mid-size firms to global corporations with multi-billion-dollar turnovers.

Our strong, long-standing relationships with PI insurers worldwide, combined with our reputation and deep experience, enable us to deliver the insurance solutions that meet your needs.

Key benefits of Marsh professional indemnity insurance solutions:

  • Access to significant insurance capacity for large and complex construction projects.
  • Direct engagement with insurers during policy placement and claims processes.
  • Pursuit of policy wordings that provide the protection you desire.
  • Specialization in both annual and single project PI polices.

Professional indemnity insurance solutions offered by Marsh

Marsh has a full suite of PI insurance offerings designed to meet the needs of construction professionals and organizations, including:

  • Annual practice PI.
  • Contractors protective PI.
  • Multi-year single project PI (extended coverage, which is typically 10 years, or up to 17 years in India, the Middle East, Africa, and Asia).
  • Owners protective PI.
  • Annual single project PI.

FAQ

Professional indemnity insurance protects individuals and organizations from the financial impact of litigation. It generally covers legal liabilities arising from claims made by third parties for losses caused by a breach of professional duty or negligence in delivering professional services.

Marsh’s experienced claims team specializes in construction-related PI insurance claims. We work closely with underwriters, legal teams, and loss adjusters to manage complex claims efficiently. Our relationships and deep expertise deliver effective support throughout the claims process, helping to resolve disputes promptly and satisfactorily.

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