Professional services

A schedule in this class that does not show one of these raises the finding "usually held in professional services, not on this schedule". Absence is a question, not a fault: the cover may sit inside another policy or have been declined on purpose.

• Professional indemnity
  Your legal liability for financial loss suffered by a client because of an error, omission or negligent act in the professional service or advice you provided.
• Public liability
  Your legal liability to third parties for injury or property damage arising from your premises and operations, and in the AU and UK combined form for the products you sell.
• Cyber
  Your own costs after a security incident (forensics, notification, restoration, business interruption from a network outage, extortion) and your liability to others for the data and systems you failed to protect.
• Directors and officers
  Defence costs and damages when directors, officers and (under management liability) the company itself are pursued for a wrongful act in managing the business: regulators, shareholders, creditors, employees.
• Workers compensation (statutory)
  Medical costs, weekly payments and lump sums for employees injured at work or made ill by it, under the scheme of the state or country where they are employed.
• Property
  Physical loss of or damage to your buildings, plant, stock and contents from fire, storm, water, impact, theft and the other insured perils, up to the sum insured.
• Employment practices liability
  Defence costs and damages for claims by employees and applicants: unfair or wrongful dismissal, discrimination, harassment, bullying, breach of employment contract.

Raises the finding "often needed in professional services and often lacking, not on this schedule". Worth a written answer either way, so a retained exposure is a recorded decision.

• Crime and fidelity
  Direct financial loss from dishonesty by employees, and on the wider forms from third-party fraud: forged cheques, funds transfer fraud, computer fraud and social engineering.
• Business interruption
  The gross profit or revenue you lose, and the extra cost of keeping the business going, while property damage stops or slows you, for the indemnity period the policy states.
• Corporate travel
  Medical expenses, evacuation, cancellation, lost baggage and personal accident for staff travelling on business, and often for accompanying family and leisure travel.
• Key person
  A lump sum to the business on the death or total disability of a named person whose loss would cut revenue or trigger debt covenants.
• Statutory liability (fines and penalties)
  Defence costs and, where the law allows them to be insured, fines and penalties for unintentional breaches of statute: workplace safety, environmental, consumer and corporations law.
• Media liability
  Your legal liability for defamation, infringement of copyright or trademark, breach of confidence and similar wrongs arising from content you publish, broadcast or advertise.

Yes. Businesses in this class usually hold cyber cover and their customers, regulators and lenders usually ask for the certificate, so the register raises a separate finding with the underwriting baseline behind it.

Check your schedule against this class

Paste the schedule with a first line industry: professional services, or pick the class from the list, and the register names the lines from these two tables that the schedule does not show, beside the arithmetic on every line it does. Six lines free, no account.