ITI PROFESSIONAL INDEMNITY INSURANCE
Professional Indemnity Insurance for the Irish Tax Institute
ERM Financial Services have negotiated a scheme which provides specialist Professional Indemnity Insurance cover for members of the Irish Tax Institute.
ERM have been providing an exclusive Professional Indemnity insurance facility to members of the Irish Tax Institutefor over ten years. ERM Financial Services is regulated by the Central Bank of Ireland and is a member of Brokers Ireland.
ITI Professional Indemnity Insurance – Cover Summary
Professional Indemnity is specifically designed for members of the Irish Tax Institute. Professional Indemnity insurance covers you for compensation you have to payto your clients because of problems with your work, including compensatory damages and claimant’s costs awarded against you.
We will also pay your legal defence costs incurred with our agreement – your policy schedule will state if such costs are included within the limit of indemnity or payable in addition to it.
It may also pay for mistakes to be corrected and reimburse you for fees that your client may refuse to pay. The limit of indemnity you select will provide cover on an ‘any one claim’ basis. An ‘any one claim’ basis means that each individual claim has its own limit of indemnity.