Any major or partner insurer willing to undertake the risk
PROFESSIONAL INDEMNITY European TECH Company with Global Operations Including U.S. Exposure / Turnover: €850,000 | Activities: Software Development, Data Handling & API Services 👉 Est. Cost: €3,300–€4,300 Upfront payment Required €350
PROFESSIONAL INDEMNITY European TECH Company with Global Operations Including U.S. Exposure / Turnover: €850,000 | Activities: Software Development, Data Handling & API Services 👉 Est. Cost: €3,300–€4,300 Upfront payment Required €350
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Professional Indemnity Insurance for an EU-based technology company with global operations, including exposure in the United States.
🔶Business Overview:
The client specializes in software development, data handling, and API services, with a total annual turnover of €850,000. Given the international scope of operations and the inclusion of U.S. exposure which typically increases underwriting scrutiny due to higher claims frequency and legal costs this cover is essential for safeguarding against claims arising from errors, omissions, or negligence in the delivery of professional services.
🔹 Estimated Annual Premium: €3,300 – €4,300
Coverage would typically include:
Third-party claims for financial loss due to professional errors or omissions
Defense costs, including those arising in the U.S.
Breach of professional duty in software development, data processing, and integration services
Final terms will be subject to full underwriting assessment, including review of contracts, risk management procedures, and claim history where applicable.
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