Professional Indemnity Insurance for Lawyers, Fiduciaries and Consultants

• Lawyers, notaries, mediators, legal consultants not admitted to the bar
• Management consultants
• Fiduciaries, accountants, tax advisors, real estate managers, real estate appraisers, building owner’s consultants, auditors
• Insurance brokers, asset managers, pension scheme insurance experts
• FINMA-licensed distributors of investment fund units and representatives of foreign collective investment schemes
  
  

By the way:
You can combine basic and additional insurance coverage to fit your individual needs and services. Suitable solutions are summarized for legal professions, fiduciaries or management consultants below.

As a lawyer, notary, mediator or legal consultant without a license to practice, you are subject to very specific risks: you are liable to your clients for any claims arising from any errors or omissions. Zurich Professional Liability Insurance is tailored to the individual needs of your profession and takes account of the  mandatory legal insurance obligations. Therefore, you are protected against claims arising out of professional negligence, such as:

• Failure to comply with deadlines
• Errors in litigation, failure to provide accurate legal advice
• Failure to provide accurate tax advice
• Loss of documents
• Liquidation in accordance with the Debt Enforcement and Bankruptcy Law (SchKG)

By the way:
Additional coverage for liquidation activities in line with the Swiss Code of Obligations/Swiss Civil Code is the optimal supplement to the basic insurance cover.

If you work in the fiduciary field, it is worthwhile insuring against claims for damages. Zurich Professional Liability Insurance is designed for a range of activities and services in your field, such as fiduciaries, accountants, tax advisors, real estate managers, asset managers or FINMA-licensed distributors of investment fund units and representatives of foreign collective investment schemes.
With professional liability insurance from Zurich, you are protected against claims resulting from professional negligence of statutory law, such as:

• Failure to comply with deadlines
• Failure to provide accurate tax advice or insurance brokerage
• Errors in accounting or errors in company formations
• Loss of documents
• Liquidation in accordance with the Debt Enforcement and Bankruptcy Law (SchKG)

By the way:
Additional coverage for liquidation activities in line with the Swiss Code of Obligations/Swiss Civil Code is the optimal supplement to the basic insurance coverage.

Management consultants constantly run the risk of clients trying to make them liable for the failure to provide accurate advice. Zurich Professional Liability Insurance protects you against financial losses arising out of, for example:

• Errors or omissions in project management
• Errors in process analysis
• Failure to provide accurate advice
• Loss of documents

The following professional groups receive a 10% combined discount on their business insurance:

• Lawyers, fiduciaries, consultants 
• Architects, engineers, planners 
• IT technology providers

The discount applies in the following cases:

• When taking out new property and liability insurance
  Your company takes out both new property insurance and new liability insurance at the same time — either business liability or professional liability insurance.
  
  You receive a 10% discount on both insurance policies.
  
  
• When taking out new property or liability insurance
  You already have property insurance with Zurich and now also take out Zurich liability insurance - either business liability or professional liability insurance - or vice versa.
  
  You receive a 10% discount on the newly taken-out insurance policy.

The discount does not apply in the following cases:

• If only two insurance policies from the same product category are taken out, for example two property insurance policies. 
• If the insurance contract to which the discount is to apply is not newly concluded, for example extension, adjustment, replacement, renewal or amendment of an existing contract. 
• If a minimum premium applies to the insurance contract for which the discount is to apply. 
• If you do not belong to one of the professional groups listed above.