Professional Liability Insurance for Lawyers, Fiduciaries and Consultants

Comprehensive cover with professional liability insurance

Zurich Professional Liability Insurance offers individual insurance coverage solutions for self-employed professionals. Thanks to the expertise of our specialists in Switzerland, lawyers, fiduciaries and management consultants and their employees are fully protected against claims for damages.

Overview of professional liability insurance

Working as a self-employed lawyer, fiduciary or consultant entails very specific risks. With Zurich Professional Liability Insurance, you don’t have to worry about third-party claims for damages. Zurich covers you, your partners and your staff with individually tailored solutions.

  • Comprehensive basic coverage for your individual protection
  • Global coverage for financial loss, bodily injury and property damage
  • Precautionary cover for new hires and continuation of coverage if the business closes or in the event of death
  • In-depth know-how and efficient claims handling by a team of specialists
  • Network throughout Switzerland that includes litigation lawyers, auditors, financial and tax specialists as well as technical experts

By the way:
All of Zurich’s professional liability insurance solutions give you a free choice of additional coverage – such as legal protection in criminal, supervisory and administrative proceedings;  coverage for board of directors positions held at outside entities (D&O); waiver of gross negligence; waiver of the right to terminate in the event of a claim.

Professional liability insurance is advisable for the following consulting professions

  • 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.

Professional liability insurance for lawyers

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.

Professional liability insurance for fiduciaries

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.

Professional liability insurance for management consultants

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

By the way:
Zurich Professional Liability Insurance for management consultants meets the quality standards of the Association of Management Consultants Switzerland (ASCO). Also, ASCO members can take out Zurich insurances at preferential terms.

Our advisory service

Effective protection against claims for compensation. We would be glad to advise you.

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