Omnyy has an experienced and service orientated team who seek to provide solutions for a variety of traditional and emerging professions. Whilst we specialise in micro-enterprises, SMEs and affinity schemes, we can consider larger or more complex risk
Acceptable trades include
- Architects
- Engineers (Building Services, Civils, Structural & Environmental / Geotechnical / Soil)
- Surveyors
- Design & Construction
- Accountants
- Insurance Brokers
- Miscellaneous
- Property Professionals
- Independent Financial Advisors
- Mortgage & Finance Brokers
- Technology Consultants
Features and benefits
- Flexible underwriting serviced by an experienced and dedicated team with over 100 years of combined experience in the PI market
- Limits of indemnity available up to £5,000,000
- Further excess layer cover available upon request
- Legal expenses up to £250,000 is available in addition
- Professional indemnity cover is worldwide for UK-based businesses
- Co-insurance and line slip business considered on a lead or follow basis
- A-rated capacity on a 5 year rolling contract
Who the product is not suitable for?
- Actuaries
- Solicitors
- Financial institutions
- Single projects
- Pension fund trustees
- Non-UK domiciled risks
- Significant overseas or any USA and/or Canada exposure
What do we consider to be a target risk?
- Micro and SME firms with fees under £10m or a turnover below £100m
- UK domiciled firms undertaking work within the UK
- Specialist firms with excellent trading and claims experience
- Contract values of under £50m
What do we consider to be non-target business?
- Accountants: Top 100 firms, significant exposure to specialist tax work &/or tax mitigation schemes, quoted company audit, celebrity & / or political clients, financial services work, work for offshore funds.
- Architects, Engineers and D&C contractors: Cladding & glazing specialists, sports stadiums, bridges, tunnels, dams, harbours &/or jetties, residential basement contracts in London postcodes, asbestos surveyors, windfarms / turbine foundation work, chemical / petrochemical / nuclear / atomic contracts.
- Insurance Brokers: Financial services exposure, Lloyds Brokers, Reinsurance brokers, unrated / poorly rated insurer exposure, large property placements (in excess of £50m per single location).
- Surveyors: Asbestos surveys, surveys & valuations for secured lending purposes > 20%, project managers / coordinators / quantity surveyors, contract admin with contract values > £25m, sole practitioners.
- Miscellaneous: Manufacturing risks, significant bodily injury or property damage exposures, fire protection and/or security consultants, corrosion specialists, lifting equipment testers / certifiers, travel agents.
Why choose our Professional Indemnity product?
Our dedicated and highly experienced team offers flexible underwriting and expertise in the field that is second to none. We pride ourselves on service levels and ensuring we provide the right cover for your client.
Contact
For more information, please contact:
Bryn Norton
Head of Financial Lines
Email:
