Financial Services
Professional Indemnity Insurance for Loss Adjusters
Loss adjusters carry liability for the accuracy of claims assessments and recommendations they provide to insurers and policyholders.
Why it matters
Why loss adjusters need Professional Indemnity
- Appointment agreements with insurers typically require adequate PI cover.
- Assessment errors can affect claim outcomes for insurers and policyholders.
What does Loss Adjuster PI cover?
- ✓Claims arising from alleged negligent assessment or advice.
- ✓Defence costs in responding to professional negligence claims.
Common exclusions
- –Deliberate or fraudulent acts.
Real scenarios
Common Loss Adjuster PI claims
Assessment dispute claims
Claims linked to disputed loss assessments or recommendations.
How much PI cover does a loss adjuster need?
Limits should reflect the value of claims typically assessed.
What affects the premium?
- Annual fee income
- Claim value range assessed
- Claims history
What information insurers require
- • Annual fees
- • Typical claim values assessed
- • Claims history
Retroactive cover
Retroactive date should reflect when adjusting services began.
Run-off cover
Run-off cover matters if the practice closes.
FAQ
Frequently asked questions
Most insurer appointment agreements require independent loss adjusters to carry adequate Professional Indemnity cover.
Get your Loss Adjuster PI quote
One simple online application, tailored to how loss adjusters actually work.
Related professions
Related covers
- Public Liability →
For site visit exposure during assessments.