Professional Services

A practical map from operating exposure to policy, wording, claim, and risk-control decisions.

Key risks

Advice error
Confidentiality breach
Cyberattack
Employee dishonesty
Management liability

Recommended policies

Professional Indemnity
Cyber
Crime
D&O
Public Liability

Critical extensions

Retroactive cover
Run-off
Court attendance costs
Cyber incident response
Loss of documents

Common gaps

Late circumstance notification
Broad contractual liability
Jurisdiction mismatch
Inadequate record retention

Typical claims

Negligent advice allegation
Missed deadline
Data breach
Employee fraud

Risk-management advice

Define engagement scope
Keep advice and approval records
Notify circumstances promptly
Review retroactive and territorial cover

This is a general industry map, not a recommendation for a particular business. Requirements may depend on contracts, activities, locations, values, law, risk appetite, and complete policy wording.