Professional indemnity insurance: cover for investigation costs

Allen & Overy LLP
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Professional Indemnity (PI) insurance is intended to cover specified losses suffered by a business (or individual acting in their professional capacity) where it is alleged that the business has caused loss to its clients or other third parties in the provision of services as a result of defined wrongful acts. It is possible to obtain PI to cover costs incidental to regulatory and/or criminal investigations but this does not necessarily “come as standard” and may be subject to exclusions or limits.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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