The services sector is made up of many varied and diverse professionals and clients have very specific requirements for their insurance and risk management needs. Price Forbes & Partners proposes bespoke solutions for clients, whether private, public, national or multinational. Solutions offered are based on specific industry requirements and codes of professional conduct.
If you wish to discuss your insurance requirements, or find out more about our capabilities in professional risks, please contact the professional risks team.
Cyber / IT liability
Cyber / IT liability and data asset network security insurance is designed to cover companies with technology exposures to first and third party claims in their provision of technology services.
Large fines may be issued by regulatory bodies as a consequence of lost data. Such fines, combined with sending mass mailings to any parties affected following a data breach, can have significant costs.
Price Forbes & Partners can arrange customised insurance solutions for a company’s network security policies and procedures to counteract the possible damage which may occur if computer systems are compromised or their internet service provider is unavailable. Data protection and security of information are essential, especially when client sensitive information is being kept by companies.
Coverage includes:
- Cyber liability
- Data protection / privacy
- Intellectual property
- Media liability
- Technology errors & omissions
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Directors & officers
Price Forbes & Partners’ directors & officers (D&O) liability insurance includes:
- Company reimbursement protection for the company where it is obligated to indemnify the director or officer.
- D&O personal protection for matters not indemnifiable by the company.
- Entity coverage for the company in the event of securities class actions by shareholders or employment practices entity claims.
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Employment practices
Price Forbes & Partners’ employment practices liability insurance cover includes:
- Discrimination
- Employee class actions
- Injury to reputation and brand image
- Sexual harassment
- Wrongful termination
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Errors & omissions
Professional indemnity insurance is compulsory for many professional businesses under both regulatory and professional body requirements and covers both the principals and employees of a firm.
Price Forbes & Partners’ professional indemnity insurance cover includes:
- Breach of confidentiality
- Costs of defence
- Damages & indemnity payments
- Libel
- Malicious falsehood
- Poor advice
- Professional negligence
- Public relations for reputational damage
- Slander
- Types of claims
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