Protection for professional responsibility and advice

At R&H Haralambous Insurance, we provide Professional Indemnity Insurance (also known as Errors & Omissions insurance), designed to protect professionals against claims arising from negligent acts, errors, omissions, or failure to perform professional services.

Even the most experienced and diligent professional may face allegations of financial loss caused to a client. Professional Indemnity Insurance safeguards your practice by covering legal liability and associated defense costs, allowing you to continue your professional activities with confidence and peace of mind.

In Cyprus, this type of insurance is mandatory for certain regulated professions and is increasingly considered essential risk protection across many sectors.

MANTATORY PROFESSIONS

Professional Indemnity Insurance is mandatory in Cyprus for certain regulated professions, including:

  • Insurance intermediaries
  • Real estate agents
  • Lawyers
  • Accountants and auditors
  • Health care service providers (under GESY requirements)
  • Research companies and insolvency consultants

Other professionals, such as doctors, pharmacists, consultants, engineers, and advisors, may also require or strongly benefit from this protection depending on their regulatory framework and contractual obligations.

Coverage for legal liability arising from negligent acts or omissions in professional services

Defense costs and legal expenses authorised by the insurer

Compensation for financial loss suffered by clients or third parties