Consultants, engineers, architects, accountants, and advisors carry personal financial liability for the advice they give. Professional Indemnity insurance is the only thing standing between a client complaint and personal financial ruin.
Professional Indemnity insurance is one of only three types of coverage legally required in Guyana — specifically mandated for licensed insurance brokerages. Legislation is also under active consideration to extend this requirement to accountants and attorneys. If you are in either profession, we strongly recommend arranging PI cover now ahead of any statutory mandate.
Consulting
Management, HR, strategy consultants
Engineering
Civil, structural, mechanical, electrical
Architecture
Architects, building designers, interior designers
Surveying
Quantity surveyors, land surveyors, valuers
Accounting
Accountants, auditors, financial advisors
Legal
Solicitors, attorneys, legal practitioners
PI insurance pays the cost of defending a claim and any damages awarded — so a single mistake does not end your career or your business.
"Claims-made" policies cover claims made during the policy period. We advise on run-off cover to protect you after retirement or business closure.
Without PI insurance, any one of these could result in personal financial ruin.
A structural engineer's design flaw results in remedial work costing ten times the project fee. The client sues for the full cost of correction plus consequential losses.
A tax advisor recommends a structure that is later challenged by the revenue authority. The client faces significant penalties and holds the advisor personally liable.
A management consultant recommends a restructure that results in operational losses. The client claims the advice was negligent and seeks full compensation.
An architect specifies the wrong materials. The resulting defects require partial demolition and rebuilding. The claim exceeds GYD 50 million.
A property valuer overestimates a commercial building's value. A bank lends against the inflated valuation and, when the borrower defaults, the surveyor faces a negligence claim.
A legal practitioner misses a critical filing deadline, causing their client to lose an important case. The client claims the full value of the lost case against the practitioner personally.
Get Professional Indemnity coverage matched to your specific profession and level of exposure.