Commercial PI


Professional indemnity insurance covers financial losses of certain occupational groups resulting from incorrect advice to third parties, typically clients.

In addition to professional liability insurance, one also speaks of PI policies (Professional Indemnity) or E&O policies (Errors & Omissions).

Depending on their work, the consultant is exposed to a wide variety of risks. Financial Lines offers professional liability insurance solutions tailored to the needs of the following professional groups:

  • Architects & Engineers (PI A&E)
  • Management Consultant (PI Consultant)
  • Attorneys at Law, Notaries or Legal Advisors without Admission to the Bar (PI Lawyer)
  • Insurance broker (PI Broker)
  • Trustee(PI Fiduciary)
  • Other professions

Financial Lines does not include professional liability insurance for medical personnel.

The insurance cover for professional liability insurance refers to statutory liability and is specified and tailored to the insured person on the basis of special risk factors such as professional activity and the sales generated. The products of most providers are based on a general terms (GT) and special conditions (SC), which take into account the specifics of the above-mentioned professional groups. Further risks can be included in the cover – such as office liability or casualty.

Unless otherwise agreed, all employees working for the company are also insured.

Professional liability insurance is an important and widespread cover in Switzerland. For certain professional groups there is even an insurance obligation, such as for independent insurance intermediaries (Art. 43 para. 1 VAG) or lawyers (Art. 12 lit. f BGFA).