Professional Services

Industry-Specific Knowledge

Professional services are a broad range of services that require expertise, knowledge, and experience to deliver. Some typical examples of professional services that you can check out for more details in our specific categories for Architects and Engineers, Financial Services, Law Firms, Healthcare Services, Technology & Telecommunications services. Other professional services such as Consulting firms, Accounting and Tax Services, Marketing and Advertising Services, Human Resources Service etc can be considered as professional services that require a high level of knowledge, skill and digigence in the provision of services.

Among the highest risks that professional services firms face, figure Malpractice and Professional Liability - the risk of being sued for errors or omissions in the practice of their professional duties that can lead to even loss of licensure; Cybersecurity and Data Breach - The risk of unauthorized access to confidential client information, such as personal data, financial information, and sensitive documents; Regulatory Compliance - The risk of non-compliance with laws, regulations, and industry standards, which can lead to fines, penalties, and reputational damage.

IIB understands the complex risks that professionals in the professinal services sector encounter daily and offers a wide range of insurance products and consulting services to address your diverse exposures and manage your liabilities through our consulting and broking professionals, armed with robust industry background, experimented in placing comprehensive insurance programs for professional services firms and defending professional services firms’ liability litigations over complex claim settlement and support.