Insurance structured around how a professional practice actually operates.
Professional practices can have specialist services, liabilities and contractual requirements that deserve more than a standard approach. Acrusure can assist with reviewing the practice and considering suitable insurance solutions.
A professional practice should be considered in the context of its services, people, liabilities, assets and changing circumstances.
Professional practices need insurance that reflects the practice
Acrusure’s experience includes professional practices. The starting point is understanding the client, the services provided, existing arrangements and areas of risk.
The practice is the starting point
The people, services and operating environment help shape the insurance requirements of a professional practice.
Reviewing professional circumstances
Changes in staff, operations, locations, services or liability exposure can affect the portfolio.
What we help you review
Professional activities
Understand the services and activities carried out by the practice.
Professional liability
Consider areas of professional and other liability that may require specialist attention.
Assets & equipment
Review relevant assets, values and equipment within the wider insurance portfolio.
Existing insurance
Review policy structure, limits, exclusions, gaps, duplication and underinsurance.
Changing practice
New services, locations, staff or contractual obligations can change the risk.
Claims & ongoing support
Acrusure remains involved with claims assistance, renewals, amendments and portfolio reviews.
Our approach to professional practices
Acrusure follows a structured insurance journey, with the particular risk, underwriting requirements and client circumstances considered throughout.
Understand
We begin by understanding the client, their assets, activities and areas of risk.
Review
Existing insurance arrangements are reviewed to identify gaps, duplication, inappropriate structures or areas requiring further investigation.
Source
Where appropriate, suitable insurers and specialist underwriting markets are approached.
Compare & advise
Available options are considered in relation to cover, price, excesses, limitations, exclusions and the client’s requirements.
Implement
Once the client has made an informed decision, we assist with implementation and policy administration.
Maintain
We assist with amendments, policy administration, renewals and changes in circumstances.
Claims assistance
When a loss occurs, we assist the client in navigating the claims process and engaging with the insurer where necessary.
Professional practices FAQs
What is professional practice insurance?
Acrusure identifies professional practices as a client area requiring specialist insurance consideration. The appropriate structure depends on the practice, its services, assets and liabilities.
Can Acrusure help professional practices with specialist cover?
Yes. Acrusure’s specialist capabilities include Professional Indemnity Insurance and other specialist liability solutions.
Can a professional practice’s existing portfolio be reviewed?
Yes. Existing arrangements can be reviewed for gaps, duplication, inappropriate structures, underinsurance and changes in circumstances.
Does every professional practice need the same insurance?
No. The appropriate solution depends on the actual activities, assets, liabilities and circumstances of the practice.
Need an insurance review for your professional practice?
Speak to Acrusure about your existing arrangements or a new requirement. We can assess the risk and consider appropriate markets where available.
Speak to Acrusure