Professional Indemnity - Target Market Statement

What is the purpose of this product?

This is a Commercial Insurance product to cover the professional liability exposures of firms.

What is the target market?

UK domiciled professional services firms ranging from sole traders to publicly quoted companies.

Each product is designed to specifically meet the needs of the corresponding designated professional sector.

For the Solicitors Professional Indemnity Insurance product, the target market is SRA (Solicitor’s Regulated Authority) regulated law firms.

What is the non-target market?

Non-professional service firms.

Companies not based in, the UK, Channel Islands, or Isle of Man.

How is the product distributed?

This product can be distributed by brokers only.

Does the product demonstrate fair value?

The outcome of the Fair Value Assessment (FVA) conducted in accordance with Zurich's published FVA methodology confirms that the product provides fair value. All products listed have all passed the Fair Value Assessment and are valid until 30/09/2026.