Auditors professional indemnity insurance

This insurance provides You with reimbursement for the following costs and expenses:

• compensatory damage, i.e. the expenses that the person whose right has been violated incurred or will have to incur in order to restore the violated right associated with the property loss or damage, including, but not limited to, the cost to restore lost or damaged documents
• cost to re-deliver the professional services in which a mistake was made or amounts paid as fees for the professional services rendered by You (where a contract for audit services is cancelled)
• fines and penalties imposed by public sector bodies or tax authorities
• expenses to prevent or mitigate a loss that Your client is responsible for
• cost of investigating a claim
• defence costs incurred by You in dealing with claims made by the beneficiaries against You which must be supported by evidence of expenditure, including fees for lodging documents to court

If you have any questions about insurance, please contact us