Paragon’s expert Professional Indemnity team was established over 25 years ago, which primarily focused on being a successful US wholesale broker. Our expertise, services, and resources have evolved over time to now also incorporate a strong retail offering in the UK.
As we continue to grow it is our ambition to maintain our position as the premier London-based insurance broker, providing services to professional and financial services firms throughout the world. The Professional Indemnity team has a wealth of knowledge and expertise in developing complex programmes for a diverse mix of professional service clients across the construction sector.
We represent some of the world’s largest architects and engineers including:
• ENR 2021 Top Design Firms – four of top 15
• ENR 2021 Engineering Firms – four of top 10
• ENR 2021 Top Design-Build Firms – two of top 10
• ENR 2021 Green Building Design Firms – five of top 15
The majority of these professional service firms have been our clients for many years, with a high number with Paragon since we were founded. As a combined team we have a breadth of knowledge spanning the US, UK, and international markets. We are one of the largest specialist Professional Indemnity teams in the London market, with over 30 years of experience developing cost-effective insurance solutions for clients regardless of their geographic location. We act for our clients as their trusted advisers and provide market-leading solutions and services. Whether you require an annual practice policy or project-specific cover or even captive reinsurance we can provide a full complement of insurance solutions.
Utilising the London, European and global markets as well as our office in Bermuda, we can tailor programmes to suit our clients’ unique needs. We also support our clients throughout the lifecycle of their programme, from initial placement and technical support to expert claims handling.
In addition to specialist placement broking, a key part of our offering and differentiator is to deliver an unrivalled claims service. We are known for having an outstanding and market-leading claims division by both clients and insurers. We assign a claims specialist to all our clients, who will be involved at the time of programme placement right through to the settlement of any claims. Our claims specialists have many years of experience, some are qualified lawyers, others have worked at insurers before joining Paragon. Their involvement from day one ensures that we understand our clients’ businesses and how they want to handle claims, particularly complex claims. This has ensured that not only have we retained our clients over the years, but our clients have also continued their relationship with their insurers following the settlement of some significant matters. We pride ourselves on knowing all of the parties involved in the underwriting and claims process well and using that knowledge to achieve the best outcomes for our clients.
To provide additional support for our clients, we have partnered with specialist risk management providers who can offer a broad range of risk management-related services. To help supplement these services, we are often successful in negotiating a dedicated budget from insurers, who recognise the long-term benefits relating to loss prevention. Our approach is to tailor risk management solutions specifically to an individual client‘s needs.
We also understand that our clients often require assistance to navigate complex legal issues, whether these emanate from their work at home or on international projects. These concerns may include:
• onerous contractual terms
• unusual standard of care provisions
• difficult legal systems with few precedents
• obscure local laws and civil codes
• untypical liabilities that arise under such local laws or codes
• inadequate or insufficient coverage held by sub-contractors.
For these reasons, we have partnered with a leading international law firm, who is available, (at pre-agreed discounted rates), for legal advice or risk management related services designed specifically for Paragon clients.
We are a specialist insurance broker, operating in the Lloyd’s, London, Bermuda, European and International specialty markets. We have market-leading capabilities and experience in the Financial, Professional and Casualty Lines sectors.
With a broad platform, we can deliver the best services and resources for our clients and broker partners, who we partner with, to deliver risk transfer solutions, claims advocacy, and risk management services.
SPEAK DIRECTLY TO OUR TEAM
Partner and Director
T +44 (0)20 4525 7495
T +44 (0)20 7280 8206
Senior Vice President & Broker
T +44 (0) 20 4571 6518