Many businesses in the Channel Islands face professional risks, these arising from service contracts and aspects of advice and design. From financial institutions through to professional services and the technical sectors Hepburns can offer a range of insurance policies, many specialist for the given sector, offering indemnity and protection against financial and other loss.
As well as the classic professional indemnity type insurance, this professional risks sector can include the likes of cyber liability, a class of insurance with growing importance in protecting the business from a variety of IT and cyber threats and exposures. At Hepburns we can offer ‘off the shelf products for small business through to bespoke packages for the more complex needs
In addition to action against the corporate entity, there are professional risks faced by the individuals. Directors and officers have certain roles, powers, and responsibilities associated with their positions. If a director or officer of your organisation is discovered to have acted outside of their scope of authority, civil, criminal, or regulatory action against them may be pursued. The expense of defending these procedures, as well as certain compensation costs incurred can be covered by Directors and Officers’ liability insurance.