Protection for decisions, experts and business reputation
Insurance against financial claims arising from professional negligence, errors or omissions in the certification of products, processes and services.
The policy is intended for organisations that certify products, processes or services and are responsible for their experts’ professional decisions.
For bodies that assess product conformity and make certification decisions.
For assessment of manufacturing and other processes against established requirements and procedures.
For organisations that assess the quality and conformity of services.
Cover takes into account employee errors made while performing their professional duties.
Terms are calculated individually
Cover relates to financial loss arising from professional services and confirmed through the required procedure.
A careless professional act that causes financial loss while services are being provided.
An incorrect professional act or decision made within the certification body’s authorised activity.
A required action was not performed and this resulted in a substantiated financial claim.
Professional liability insurance is part of corporate insurance. It protects a certification body’s property interests when an error, negligence or omission in professional work causes financial loss to another party.
Under the standard contract form, the insured event must arise from authorised professional activity and be confirmed by a competent court.
The body performs a conformity assessment and makes a decision within its authorised activity.
An expert acts negligently, makes a professional error or fails to perform a required action.
A client or another affected party submits a claim for substantiated financial loss.
Liability and the amount of loss are supported by documents and a competent court decision.
The final scope of protection, liability limit and insurance indemnity are defined in the individual insurance documents.
financial loss suffered by a beneficiary due to professional negligence, error or omission
liability for employees’ actions while performing their professional duties
claim settlement expenses agreed with the insurer in writing, within the liability limit
payment of the established loss, but not above the agreed liability limit
intentional acts by the insured or its employees
work without a valid authorisation or outside the authorised scope
fines, penalties, moral damages and the cost of correcting the insured’s own errors
loss of documents or breach of confidentiality or trade secrets
war, nuclear and terrorism risks, and force majeure
This is a short explanation of the standard form. The complete exclusions and individual terms are stated in the contract and policy.
There is no single rate for every certification body. We need information about the organisation, its team and the required limit.
The maximum indemnity amount agreed by the parties in the insurance contract.
The products, processes or services assessed by the certification body.
The number of projects, assessments and decisions expected during the year.
Expert experience, diplomas, certificates and other evidence of competence.
Information about previous claims, errors and payouts helps assess the risk.
Valid authorisations, internal control procedures and the insurance period.
Submit a request and provide the main information about the certification body. We will clarify the remaining details together.
Leave your contact details and briefly describe your organisation’s certification scope.
We will clarify the limit, services, staff qualifications, workload and claims history.
We will agree the cost, liability limit, period and policy issuance process.
It protects the organisation’s property interests if it becomes legally liable to compensate financial loss caused to another party while providing professional services. The cause may be professional negligence, an error or an omission by the insured or its employees.
For bodies that certify products, processes or services under their charter, regulations, licence or another valid authorisation. Their specialists must have the required knowledge, competence and supporting documents.
Civil liability for financial loss arising from professional negligence, an error or an omission while providing authorised services. Under the standard contract form, the event must be confirmed by a competent court decision.
Yes, when an employee was acting within their professional duties and their negligence, error or omission caused a covered financial loss. The specific circumstances are assessed using the available documents.
The established financial loss, within the agreed liability limit. The insurer may also cover claim settlement expenses agreed in writing in advance if the policy provides for them.
Intentional acts, fines and penalties, moral damages, loss of documents, disclosure of confidential information, work without a valid authorisation or beyond its scope, and expenses to correct the insured’s own errors. The complete list is stated in the contract.
No. The standard form excludes loss caused while the right to conduct the professional activity is suspended or terminated, or when the required authorisation is missing or invalid.
The standard form provides a one-year term. Cover begins in the manner stated in the contract and policy after the premium payment requirements have been met.
The certification scope, volume of work, staff qualifications, claims history, required liability limit, internal controls and other risk factors. The price is therefore calculated individually.
Take reasonable measures to prevent or reduce loss, notify the insurer by an available method within 48 hours, and then submit written notice within 5 calendar days with the known circumstances and documents.
Liability should not be admitted, obligations accepted or payments made without the insurer’s written consent. This is important for proper review of the circumstances and preservation of the right to indemnity.
The policy, the claimant’s demand, registration and identity documents, reports, expert opinions, protocols, documents relating to damaged property, competent authority materials, court decisions and proof of loss mitigation expenses.
After receiving the supporting documents, the insurer decides whether to recognise the event within 15 calendar days. If recognised, an insurance act is prepared and payment is made within 15 banking days after it is signed. Individual terms may further specify the process.
Tell us about your certification scope and required limit, and a specialist will help select the terms.
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